Maurice Tutor

(5)

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About Maurice Tutor

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Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 398 Weeks Ago, 1 Day Ago
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 12 Nov 2017 My Price 4.00

aunt’s IOU

On your 20th birthday, a dear aunt sends you a lovely card and an IOU for $1,000, to be paid on your 21st birthday. Eager to lay your hands on the cash (after all, the Spice Girls only have a reunion tour every decade or so), you try to sell your aunt’s IOU to your sister.

a. If interest rates are 6%, what is the most your sister should be willing to pay for the IOU?

b. If interest rates are 9%, what is the most your sister should be willing to pay for the IOU?

c. Does the value of your aunt’s promise go up when interest rates rise? Explain why or why not.

 

Answers

Maurice Tutor
(5)
Status NEW Posted 12 Nov 2017 12:11 PM My Price 4.00

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