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10.1 If Peregrine in Problem 10.1 consumes (1,000, 1,155) and earns (800,1365) and if the interest rate is 0.05, the present value of his endow-
10.1 If Peregrine in Problem 10.1 consumes (1,000, 1,155) and earns (800,1365) and if the interest rate is 0.05, the present value of his endow- ment is (a) 2,165. (b) 2,100. {0) 2,155. (d) 4,305. {6) 5,105
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