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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 6
Using an interest rate of 5 percent, which figure has the smallest 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
Verified
Verified
a)$5000
b)$5050 to be received...
Issues in Economics Today 7th Edition by Robert Guell
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