Question
A painting is currently worth $100,000, and is expected to maintain its real value for three years. The real interest rate is expected to remain
A painting is currently worth $100,000, and is expected to maintain its real value for three years. The real interest rate is expected to remain constant at 10%. What is the present value of the painting's expected price at the end of the third year? Answer: $88,899
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E Marketing Theory And Application
Authors: Stephen Dann ,Susan Dann
2011 Edition
0230203965, 978-0230203969
