Multiple Choice
At the interest rate r, the price of a depletable natural resource three years from the present (price in present = P) will be, everything else being equal, which of the following?
A) 3P
B) P₃
C) P(1 + r) 3
D) 3P(1 + r) 3
Correct Answer:
Verified
Correct Answer:
Verified
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