5.3 Which is worth more to you: (a) a $10,000 payment today or (b) a $1,000-per-year higher...

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5.3 Which is worth more to you:

(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? A

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Microeconomics

ISBN: 9780133456912

7th Edition

Authors: Jeffrey M. Perloff

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