Multiple Choice
If Peregrine consumes (1, 400, 1, 210) and earns (900, 1, 760) and if the interest rate is 10%, the present value of his endowment is
A) $2,660.
B) $2,500.
C) $2,610.
D) $5,250.
E) $6,150.
Correct Answer:
Verified
Correct Answer:
Verified
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