What if I were to say that I will pay one student in this class $10,000...
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What if I were to say that I will pay one student in this class $10,000 one year from now and that one student that will receive the $10,000 is the student that pays me the most money today? So, how much would you be willing to pay today for $10,000 a year from now? How much today for 10K? What if I were to say that I will pay one student in this class $10,000 one year from now and that one student that will receive the $10,000 is the student that pays me the most money today? So, how much would you be willing to pay today for $10,000 a year from now? How much today for 10K?
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This is a concept of Present Value and Future value Present Value is the amount tha... View the full answer
Related Book For
Discrete Mathematics and Its Applications
ISBN: 978-0073383095
7th edition
Authors: Kenneth H. Rosen
Posted Date:
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