You are offered $500 now plus $500 one year from now. You can earn 6 percent per
Question:
You are offered $500 now plus $500 one year from now. You can earn 6 percent per year on your money.
a. It is suggested that a single fair amount be paid now. What do you consider fair?
b. It is suggested that a single fair amount be paid 1 year from now. What do you consider fair?
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Related Book For
Principles Of Engineering Economic Analysis
ISBN: 9781118163832
6th Edition
Authors: John A. White, Kenneth E. Case, David B. Pratt
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