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Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
Edition 7ISBN: 978-0073376301Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
Edition 7ISBN: 978-0073376301 Exercise 39
If you expect to receive a gift of $50,000 six years from now, the present worth of the gift at a real interest rate of 4% per year and an inflation rate of 3% per year is closest to:
A) $27,600
B) $29,800
C) $33,100
D) $37,200
A) $27,600
B) $29,800
C) $33,100
D) $37,200
Explanation
Verified
Verified
F is future accumulated amount,
n is nu...
Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
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