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    Economics Study Set 2
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    Exam 29: Rent, interest, and Profit
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    Which Value Is Higher? A)$100 Today or $200 10 Years
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Which Value Is Higher? A)$100 Today or $200 10 Years

Question 168

Question 168

Short Answer

Which value is higher? a)$100 today or $200 10 years from now if the interest rate is 8%?

Correct Answer:

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a)$100;b)$200 x 46.32 = $92.64...

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