If Peregrine consumes (900, 805)and earns (600, 1, 150)and if the interest rate is 15%, the present value of his endowment is
A)$1,600.
B)$3,440.
C)$1,705.
D)$1,750.
E)$4,040.

Question

If Peregrine  consumes (900, 805)and earns (600, 1, 150)and if the interest rate is 15%, the present value of his endowment is
A)$1,600.
B)$3,440.
C)$1,705.
D)$1,750.
E)$4,040.

Quizplus · Accepted Answer

The Answer of If Peregrine  consumes (900, 805)and earns (600, 1, 150)and if the interest rate is 15%, the present value of his endowment is
A)$1,600.
B)$3,440.
C)$1,705.
D)$1,750.
E)$4,040.

If Peregrine Consumes (900, 805)and Earns (600, 1, 150)and