Question
1. Present Value of $100 received in 5 years with a discount rate of 3%: 2. PV of $100 received in 5 years with a
1. Present Value of $100 received in 5 years with a discount rate of 3%:
2. PV of $100 received in 5 years with a discount rate of 5%:
3. PV of $100 received in 5 years with a discount rate of 7%:
4. As discount rate increases, the PV _______________.
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Public Finance
Authors: Harvey S. Rosen
5th Edition
025617329X, 978-0256173291
