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Microeconomics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-1260566642Microeconomics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-1260566642 Exercise 6
Suppose you are selling a piece of furniture to a friend who can't afford to pay you upfront but offers to pay you in monthly installments for the next year. What information do you need to calculate the present value of this offer? ( Hint: Think about the formula for present value.)
Explanation
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Present value of the investment:
Presen...
Microeconomics 1st Edition by Dean Karlan,Jonathan Morduch
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