• 2021-04-14
    Archie has a savings account at a bank. If he earns 6 percent interest on his account and if there is deflation, then his purchasing power rises by more than 6 percent over the course of a year.
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      Your bank account pays a nominal interest rate of 6 percent, but interest is compounded daily (on a 365-day basis). Your plan is to deposit $500 in the account today. You also plan to deposit $1,000 in the account at the end of each of the next three years. How much will you have in the account at the end of three years, after making your final deposit? ( ) A: $3,500 B: $3,164 C: $2,591 D: $3,788 E: $3,779

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      John House has taken a $250,000 mortgage on his house at an interest rate of 6 percent per year. If the mortgage calls for 20 equal annual payments, what is the amount of each payment() A: $21,796.14 B: $10,500.00 C: $16,882.43 D: $24,327

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      He is determined to get _______ of the profit than he had been offered. A: ten percent more B: ten more percent C: more ten percent D: as many as ten percent

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      He has been working hard at his _____ (博士的) thesis on computer for more than half a year.

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      He has been asked to account __________ his absence. A: of B: on C: about D: for