Outline the concept of present value. The interest rate is 7 per cent. Use the concept of

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Outline the concept of present value. The interest rate is 7 per cent. Use the concept of present value to compare €200 to be received in 10 years and €300 to be received in 20 years.

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Economics

ISBN: 9781473768543

5th Edition

Authors: Gregory Mankiw, Mark P. Taylor

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