If Peregrine consumes (1, 500, 880)and earns (1, 300, 1, 100)and if the interest rate is 10%, the present value of his endowment is
A)$4,830.
B)$2,400.
C)$2,300.
D)$2,380.
E)$6,130.

Question

If Peregrine  consumes (1, 500, 880)and earns (1, 300, 1, 100)and if the interest rate is 10%, the present value of his endowment is
A)$4,830.
B)$2,400.
C)$2,300.
D)$2,380.
E)$6,130.

Quizplus · Accepted Answer

The Answer of If Peregrine  consumes (1, 500, 880)and earns (1, 300, 1, 100)and if the interest rate is 10%, the present value of his endowment is
A)$4,830.
B)$2,400.
C)$2,300.
D)$2,380.
E)$6,130.

If Peregrine Consumes (1, 500, 880)and Earns (1, 300