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Wittaler [7]
2 years ago
9

Assume an annual interest rate of 8%. You have $1. What is the value of the $1 one year in the future

Business
1 answer:
seropon [69]2 years ago
3 0

Answer:

the future value is $1.08

Explanation:

The computation of the future value is shown below:

As we know that

Future value = Present value × (1 + rate of interest)^number of years

= $1 × (1 + 0.08)^1

= $1 × 1.08

= $1.08

Hence, the future value is $1.08

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The effects of the given factors on current U.S. aggregate demand would be:

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When there is an increased fear of recession, aggregate demand drops as people want to save money for the recession. A higher price level will make things more expensive so AD drops as well.

When there is a fear of inflation, people increase spending so they can buy goods before prices increase.

Real income growth in other countries will lead to higher exports which will increase national wealth and therefore allow consumers to purchase more goods.

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