Charlie owes Joe $8,000 on a note that is due in five years with accumulated interest at 6%. Joe hat an investment opportunity now that he thinks will earn 18%. There's a chance, however, that it will earn as little as 4%. A bank has offered to discount the note at 14% and give Joe cash that he can invest today. How much ahead will Joe be it he takes the bank s offer and the investment docs turn out to yield 18%? How much behind will he be if the investment turns out to yield only 4%?

Post test question number 9 for entering the job market

If a product goes up in price, and the demand for it drops, that product's demand is a. elastic b. inelastic c. stable d. fixed select the best answer from the choices provided

The management of a supermarket wants to adopt a new promotional policy of giving a free gift to every customer who spends > a certain amount per visit at this supermarket. the expectation of the management is that after this promotional policy is advertised, the expenditures for all customers at this supermarket will be normally distributed with a mean of $95 and a standard deviation of $20. if the management wants to give free gifts to at most 10% of the customers, what should the amount be above which a customer would receive a free gift?