How Much Money Do You Need Today in Order to Have

question 78

Multiple Choice

How much money do you need today in order to have $3000 in 21 months time,if interest is compounded continuously at 9%?

• A)$2741.79
• B)$2564.34
• C)$2562.83
• D)$453.22

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Definitions:

Surplus Of Labor

The situation where the supply of labor exceeds the demand for it, often leading to unemployment or underemployment.

Price Controls

Government-imposed limits on the prices that can be charged for goods and services in the market, typically including price ceilings and price floors.

Economists

Professionals who study how goods and services are produced, distributed, and consumed, analyzing economic issues and trends.

Minimum Wage

The lowest legal wage that employers can pay workers, set by government law.