1. Logan is conducting an economic evaluation under infl ation using the then-current approach. If the infl...

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1. Logan is conducting an economic evaluation under infl ation using the then-current approach. If the infl ation rate is j and the real time value of money rate is

d, which of the following is the interest rate he should use for discounting the cash fl ows?

a. j

c. j 1 d

b. d

d. j 1 d 1 dj

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