Question
1. Find the present value of $100 000 in 10 years time if the discount rate is 6% compounded a) Annually b) Semi Annually c)
1. Find the present value of $100 000 in 10 years time if the discount rate is 6% compounded a) Annually b) Semi Annually c) How would you interpret this?
2. Determine the present value of $7000 in two years' time if the discount rate is 8% compounded: a) Annually b) Semi annually c) How would you interpret this?
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Public Finance And Public Policy
Authors: Jonathan Gruber
2nd Edition
0716766310, 9780716766315
