You go into a big-box electronics store to buy a flat-screen television. You have two options: pay
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You go into a big-box electronics store to buy a flat-screen television. You have two options: pay $1,400 today or $1,450 in 1 year. Which do you choose? You have to estimate a discount rate to do this. How did you choose your discount rate?
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Assume a 3 discount rate I picked that because you should be able t...View the full answer
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