value of the bond increase or decrease?

39. How much money do you have to put into a bank account that pays 10% interest compounded annually to

have $10,000 in ten years?

40. Many retirement funds charge an administrative fee each year equal to 0.25% on managed assets.

Suppose that Alexx and Spenser each invest $5,000 in the same stock this year. Alexx invests directly and

earns 5% a year. Spenser uses a retirement fund and earns 4.75%. After 30 years, how much more will

Alexx have than Spenser?
434 17 • Problems

Access for free at openstax.org
Public Economy

18

FIGURE 18.1 Domestic Tires? While these tires may all appear similar, some are made in the United States and

others are not. Those that are not could be subject to a tariff that could cause the cost of all tires to be higher.

(Credit: "Tires" by Jayme del Rosario/Flickr Creative Commons, CC BY 2.0)

CHAPTER OBJECTIVES

In this chapter, you will learn about:

• Voter Participation and Costs of Elections
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