snoozin' in a cruise ship
Since today is July 14, 2013, five years ago today it was July 14, 2008.
Five years earlier that the date in question. I leave the simple calculation to the student.
money
Assuming all options are equally risky, you would prefer option b, which is receiving $15,000 five years from today. This is because the present value of $15,000 in five years, discounted at a 9 percent rate of return, is greater than the present value of receiving $5,000 today or receiving $1,000 per year for 15 years.
It was your birthday.
A customer buys 17.01 in gas and requests two five dollar [$5] lottery tickets and six one dollar [$1] lottery ticket. How much change would he receive from a one hundred dollar [$100] bill?
FHN
A century is 100 years so five centuries would be 500 years. Five centuries would be longer than 200 years.
The price has just about doubled in the past five years.
5
Quite a bit less then today.
1946.