If you expect to receive a gift of $50,000 six years from now, the present worth of

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If you expect to receive a gift of $50,000 six years from now, the present worth of the gift at a real interest rate of 4% per year and an inflation rate of 3% per year is closest to:
(a) $27,600
(b) $29,800
(c) $33,100
(d) $37,200

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Engineering economy

ISBN: 978-0073376301

7th Edition

Authors: Leland Blank, Anthony Tarquin

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Question Posted: Dec 17, 2012 06:27 AM

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If you expect to receive a gift of $50,000 six years from now, the present worth of

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Formulas i Present worth PW C 1R n ii Constant value of dollars A ...View the full answer

Engineering economy

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