Midterm_Fall_2007

Midterm_Fall_2007 - York University Economics 4400 Midterm...

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York University Economics 4400, Midterm Examination October 30, 2007 Instructions. Write your name and student number at the top of this page. Answer four out of six questions. Be clear what formulas you use to arrive at a solution, the actual numerical answers are less important. If you think a question is ambiguous or not enough information is provided to answer it, explain why. Each questions is worth 8 points, the point total is 40. You have 75 minutes. 1. Two persons, A and B are both saving for retirement. Person A starts saving at age 26, depositing $1,000 a year until age 65. Person B starts saving at age 46, depositing c per year until the same age. formula. formula. (c) How much does B need to save per year to a/ort the same retirement as A? Give formula " c =...". 1
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2. This question ask you to explain the di/erence between two accounting quantities: Cash Flow and Net Income . (a) What does each term stand form?
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This note was uploaded on 02/05/2012 for the course ECON 4140 taught by Professor A during the Spring '11 term at York University.

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Midterm_Fall_2007 - York University Economics 4400 Midterm...

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