We know that the remainder Rn will satisfy |Rn| ≤ bn + 1 = 1 (n + 1)5n + 1 . We must make n large enough so that this is less than 0.0001. Rounding to five decimal places, we have b3 = 0.00097 Incorrect: Your answer is incorrect. , b4 = 0.00010 Incorrect: Your answer is incorrect. , and b5 = 0.00001 Incorrect: Your answer is incorrect.

Your father offers you a choice of $120,000 in 11 years or $48,500 today. use appendix b as an approximate answer, but calculate your final answer using the formula and financial calculator methods. a-1. if money is discounted at 11 percent, what is the present value of the $120,000?

The basic difference between macroeconomics and microeconomics is that: a. microeconomics looks at the forest (aggregate markets) while macroeconomics looks at the trees (individual markets). b. macroeconomics is concerned with groups of individuals while microeconomics is concerned with single countries. c. microeconomics is concerned with the trees (individual markets) while macroeconomics is concerned with the forest (aggregate markets). d. macroeconomics is concerned with generalization while microeconomics is concerned with specialization.

Your own record of all your transactions. a. check register b. account statement