If X is the actual amount of income or receipts and i is the interest rate (in decimals) that could be earned on alternative uses of money that face the same risk,the present value of X in t years from now is computed by
A) (it) (1 + X) .
B) (Xt) (1 + i) .
C) i/(1 + X) t.
D) X/(1 + i) t.
E) X/(1 - i) t .
Correct Answer:
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A)is the result of economic rent seeking.
B)is
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B)all factors
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B)the
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