3. If the interest rate is 10%, the present value of $1 paid to an individual or...

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3. If the interest rate is 10%, the present value of $1 paid to an individual or firm one year from now is

a. $0.

b. $0.89.

c. $0.91.

d. $1.

e. more than $1.

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Macroeconomics In Modules

ISBN: 978-1464139055

3rd Edition

Authors: Paul Krugman ,Robin Wells

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Question Posted: Oct 16, 2024 09:00 AM

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3. If the interest rate is 10%, the present value of $1 paid to an individual or firm one year from now is a. $0. b. $0.89. c. $0.91. d. $1. e. more than $1.
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3. If the interest rate is 10%, the present value of $1 paid to an individual or...

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Macroeconomics In Modules

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