Question
At which interest rate is the present value of $168.54 two years from today equal to $150 today? a.4 percent b.5 percent c.6 percent d.None
At which interest rate is the present value of $168.54 two years from today equal to $150 today?
a.4 percent
b.5 percent
c.6 percent
d.None of the above would give a present value within a cent of $162.24.
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Managerial Economics Theory Applications and Cases
Authors: Bruce Allen, Keith Weigelt, Neil A. Doherty, Edwin Mansfield
8th edition
978-0393124491, 393124495, 978-0039391277, 393912779, 978-0393912777
