Multiple Choice
If Peregrine consumes (1, 400, 1, 440) and earns (900, 2, 040) and if the interest rate is 20%, the present value of his endowment is
A) $2,940.
B) $2,600.
C) $5,720.
D) $2,840.
E) $6,620.
Correct Answer:
Verified
Correct Answer:
Verified
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