Multiple Choice
If Peregrine consumes (1, 500, 1, 080) and earns (1, 000, 1, 680) and if the interest rate is 20%, the present value of his endowment is
A) $2,680.
B) $5,280.
C) $2,400.
D) $2,580.
E) $6,280.
Correct Answer:
Verified
Correct Answer:
Verified
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