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Issues in Economics Today 7th Edition by Robert Guell
Edition 7ISBN: 978-0078021817Issues in Economics Today 7th Edition by Robert Guell
Edition 7ISBN: 978-0078021817 Exercise 5
Using an interest rate of 5 percent, which figure has the largest present value?
A) $5,000
B) $5,050 to be received two years from now
C) $5,075 to be received three years from now
D) $5,500 to be received 10 years from now
A) $5,000
B) $5,050 to be received two years from now
C) $5,075 to be received three years from now
D) $5,500 to be received 10 years from now
Explanation
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Issues in Economics Today 7th Edition by Robert Guell
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