Peregrine consumes ($1,300, $1,320)and earns ($1,000, $1,680).If the interest rate is 0.20, the present value of his endowment is
A)$2,400.
B)$2,680.
C)$2,620.
D)$5,280.
E)$6,280.

Question

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The Answer of Peregrine consumes ($1,300, $1,320)and earns ($1,000, $1,680).If the interest rate is 0.20, the present value of his endowment is
A)$2,400.
B)$2,680.
C)$2,620.
D)$5,280.
E)$6,280.

Peregrine Consumes ($1,300, $1,320)and Earns ($1,000, $1,680)