The interest rate is 7 percent. Use the concept of present value to compare $200 to be

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The interest rate is 7 percent. 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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Principles of economics

ISBN: 978-0538453042

6th Edition

Authors: N. Gregory Mankiw

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Question Posted: Dec 14, 2012 06:10 AM

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The interest rate is 7 percent. Use the concept of present value to compare $200 to be

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Principles of economics

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