If the price index rises from 100 to 120, the purchasing power value of the dollar:

a. may either rise or fall
b. will rise by one-sixth.
c. will fall by one-sixth.
d. will rise by 20 percent.

If the economy were in the contracting phase of the business cycle, how might that affect your ability to find work?

You want to have $80,000 in your savings account 11 years from now, and you’re prepared to make equal annual deposits into the account at the end of each year. if the account pays 6.30 percent interest, what amount must you deposit each year? (do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

On september 1, 2016, steve loaned brett $2,000 at 12% interest compounded annually. steve is not in the business of lending money. the note stated that principal and interest would be due on august 31, 2018. in 2018, steve received $2,508.80 ($2,000 principal and $508.80 interest). steve uses the cash method of accounting. what amount must steve include in income on his income tax return?