Essay
Two payments of $3,000 each are due in 50 and 100 days. What is their combined economic value today if money can earn:
a) 9%?
b) 11%?
c) Explain why the answer in part (b) is smaller.
Correct Answer:
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a) $5,891.27; b) $35,867.70; c...View Answer
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Correct Answer:
Verified
a) $5,891.27; b) $35,867.70; c...
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
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