Interest and Present Value

Help me study for my Economics class. I’m stuck and don’t understand.

You can use this assignment to submit your solutions to Exam 1 . If you prefer, you can turn in a hard-copy of your solutions in class or in person.

Note that unlike the problem sets, your report of solutions for the exam should be more formal. It should be typed in Word or equivalent word processing software. It should answer each question/part in complete sentences and paragraphs, fully explaining your answers. If calculations are required for the solution, you must show/include the steps in your work. Writing out calculations by hand and drawing graphs by hand is acceptable.

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