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Microeconomics 9th Edition by Stephen Slavin
Edition 9ISBN: 9780077426767Microeconomics 9th Edition by Stephen Slavin
Edition 9ISBN: 9780077426767 Exercise 40
Which would you rather have? (a) $1,000 in 6 years if the interest rate is 4 percent or (b) $1,000 in 3 years if 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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