Multiple Choice
Peregrine consumes ($1,300, $1,320) and earns ($1,000, $1,680) .If the interest rate is 0.20, the present value of his endowment is
A) $2,400.
B) $2,680.
C) $2,620.
D) $5,280.
E) $6,280.
Correct Answer:
Verified
Correct Answer:
Verified
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