Multiple Choice
If Peregrine consumes (1, 500, 880) and earns (1, 300, 1, 100) and if the interest rate is 10%, the present value of his endowment is
A) $4,830.
B) $2,400.
C) $2,300.
D) $2,380.
E) $6,130.
Correct Answer:
Verified
Correct Answer:
Verified
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