The Next Questions Refer to the Following

question 27

Multiple Choice

The next questions refer to the following.
An individual is endowed with $100 of income in period 1, and will receive an income of 121 in period 2. The interest rate is 10%, and there are only 2 periods.
-If first period consumption is $80,then second period consumption must be

• A) 129
• B) 131
• C) 141
• D) 143
• E) 201

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Definitions:

Min Function

A programming function that determines the smallest value among its arguments or elements in a data set.

Status Bar

A user interface element typically found at the bottom of an application window, displaying information about the current state of the application or selected objects within it.

Name Box

A feature typically found in spreadsheet applications, such as Microsoft Excel, that displays the address or name of the current selection or allows users to define names for cells, ranges, or formulas.

Cell Pointer

The indicator in a spreadsheet or table that shows the currently active or selected cell.