ECON 102 Quiz 3 (ECON_102)
American Public University
Here are the best resources to pass ECON 102 Quiz 3 (ECON_102). Find ECON 102 Quiz 3 (ECON_102) study guides, notes, assignments, and much more.
All 1 results
Sort by

-
ECON 102 Quiz 3
- Exam (elaborations) • 7 pages • 2021
-
STUDYCENTER2024
-
- $7.49
- + learn more
ECON 102 Quiz 3. Suppose that the real return on assets is 4% forever. Approximately what
is it worth to have a gift from your grandparents when you are young
that pays $2000 a year until you die:
a. About $2,000
b. About $5,000;
c. About $120,000 if you expect to live for another 60 years;
d. About $20,000
e. About $8,000
f. About $50,000
Solution: The present value of the sum of all money to be received in the
future on this “perpetuity” is given by $2,000 / 0.04 = $50,000
2) Ac...
Exam (elaborations)
ECON 102 Quiz 3
Last document update:
ago
ECON 102 Quiz 3. Suppose that the real return on assets is 4% forever. Approximately what is it worth to have a gift from your grandparents when you are young that pays $2000 a year until you die: a. About $2,000 b. About $5,000; c. About $120,000 if you expect to live for another 60 years; d. About $20,000 e. About $8,000 f. About $50,000 Solution: The present value of the sum of all money to be received in the future on this “perpetuity” is given by $2,000 / 0.04 = $50,000 2) Ac...
$7.49
Add to cart

Fear of missing out? Then don’t!
Do you wonder why so many students wear nice clothes, have money to spare and enjoy tons of free time? Well, they sell on Stuvia! Imagine your study notes being downloaded a dozen times for $15 each. Every. Single. Day. Discover all about earning on Stuvia
Do you wonder why so many students wear nice clothes, have money to spare and enjoy tons of free time? Well, they sell on Stuvia! Imagine your study notes being downloaded a dozen times for $15 each. Every. Single. Day. Discover all about earning on Stuvia