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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 20
If the interest rate is 10 percent, then the future value in 2 years of $100 today is
A) $80.
B) $83.
C) $120.
D) $121.
A) $80.
B) $83.
C) $120.
D) $121.
Explanation
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A person borrowed $100 at a 10 percent r...
Essentials of Economics 7th Edition by Gregory Mankiw
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