Pam Wedel borrowed $15,000 to pay for her child's education at Riverside Community College. Leslie must repay the loan
at the end of 9 months in one payment with 5% interest. How much interest must Leslie pay? What is the maturity value?
LU 16-1(1)

If you want to compare two different investments, what should you calculate

Which of the following has the largest impact on opportunity cost

Which of the following statements is (are) true? i. free entry to a perfectly competitive industry results in the industry's firms earning zero economic profit in the long run, except for the most efficient producers, who may earn economic rent. ii. in a perfectly competitive market, long-run equilibrium is characterized by lmc < p < latc. iii. if a competitive industry is in long-run equilibrium, a decrease in demand causes firms to earn negative profit because the market price will fall below average total cost.