Question: b. What decision should Mary make using the expected value approach? Assume there is no inflation. c. Assume now that there is an expected inflation

 b. What decision should Mary make using the expected value approach?

b. What decision should Mary make using the expected value approach? Assume there is no inflation. c. Assume now that there is an expected inflation of 2% per year in the next two years (use it only to compare expected values coming from different years, do not change the rent, the rent is $4,000 in both years). What decision should Mary make using the expected value approach? d. What decision should be taken if the inflation is estimated to be 3% for both years

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