Your employer offers you a choice of two bonus packages: $1,400 today or $2,000 five years from

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Your employer offers you a choice of two bonus packages: $1,400 today or $2,000 five years from now. Assuming a 6 percent rate of interest, which is the better value? Assuming an interest rate of 10 percent, which is the better value?

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Macroeconomics

ISBN: 978-0077307110

8th edition

Authors: David Colander

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Question Posted: Feb 12, 2016 05:05 AM

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Your employer offers you a choice of two bonus packages: $1,400 today or $2,000 five years from

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At 6 interest rate 2000 five years from now is wo...View the full answer

Macroeconomics

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