Question
18.2) You will receive a $20,000 insurance payment in 12 months. If you are willing to accept a reduced payment, you can be paid in
18.2) You will receive a $20,000 insurance payment in 12 months. If you are willing to accept a reduced payment, you can be paid in 11 months. Would you be willing to accept $19,800? $19,500? $19,000? Less?
This question comes from the Economics for Healthcare Managers Text by Robert H. Lee, 4th edition, chapter 18.
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Managerial Economics and Organizational Architecture
Authors: James Brickley, Clifford W. Smith Jr., Jerold Zimmerman
6th edition
73523143, 73523149, 978-0073523149
