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Essentials of Economics 7th Edition by Gregory Mankiw
Edition 7ISBN: 978-1285165950Essentials of Economics 7th Edition by Gregory Mankiw
Edition 7ISBN: 978-1285165950 Exercise 14
If the interest rate is zero, then $100 to be paid in 10 years has a present value that is
A) less than $100.
B) exactly $100.
C) more than $100.
D) indeterminate.
A) less than $100.
B) exactly $100.
C) more than $100.
D) indeterminate.
Explanation
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A person borrowed some amount that will ...
Essentials of Economics 7th Edition by Gregory Mankiw
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