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Microeconomics 9th Edition by Stephen Slavin
Edition 9ISBN: 9780077426767Microeconomics 9th Edition by Stephen Slavin
Edition 9ISBN: 9780077426767 Exercise 25
Which has a higher present value? (a) $100 in 10 years when the interest rate is 2 percent or (b) $100 in 3 years when the interest rate is 8 percent?
Explanation
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Present value is the today's value of st...
Microeconomics 9th Edition by Stephen Slavin
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