If the interest rate is 10 percent, then the future value in 2 years of $100 today

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If the interest rate is 10 percent, then the future value in 2 years of $100 today is

a. $80.

b. $83.

c. $120.

d. $121.

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Essentials Of Economics

ISBN: 9780357723166

10th Edition

Authors: N. Gregory Mankiw

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Question Posted: Feb 26, 2024 03:01 AM

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If the interest rate is 10 percent, then the future value in 2 years of $100 today

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The correct answer is d 121 Heres why Future Value FV This represents the worth of an initial invest...View the full answer

Essentials Of Economics

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