Which is worth more to you: (a) A $10,000 payment today or (b) A $1,000-per-year higher salary
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(a) A $10,000 payment today or
(b) A $1,000-per-year higher salary for as long as you work? At what interest rate would (a) be worth more to you than (b)? Does your answer depend on how many years you expect to work?
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Related Book For
Microeconomics Theory and Applications with Calculus
ISBN: 978-0133019933
3rd edition
Authors: Jeffrey M. Perloff
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