Time Required to Reach a Goal How many years will it take for an initial investment of $10,000 to grow to $25,000? Assume a rate of interest of 6% compounded continuously.

Unit 4- Chapters 28 & 29 Chapter 28- Unemployment 1. Labor Force Statistics a. Produced by BLS in US Dept. of Labor b. Based on regular survey of 60,000 households c. Based on “adult population” (16+) d. Divides into 3 groups: i. Employed ii. Unemployed iii. Not in the labor force e. Labor force: i. Total # of workers, including employed and unemployed f. Unemployment rate: i. Percent of labor force that is unemployed ii. U-rate = 100% x (# of unemp. / labor force) g. Labor Force Participation Rate: i. % of adult pop. In labor force ii. LFPR = 100% x (labor force / adult pop.)