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d. (10 points) Calculate the Present Worth of the total fines in part (b) if the MARR is 10% per round and the game continues
d. (10 points) Calculate the Present Worth of the total fines in part (b) if the MARR is 10% per round and the game continues for an infinite number of rounds. Hint: the answer is a finite number. Try to express the cashflows as an annuity. It may be helpful to draw a cashflow diagram. d. (10 points) Calculate the Present Worth of the total fines in part (b) if the MARR is 10% per round and the game continues for an infinite number of rounds. Hint: the answer is a finite number. Try to express the cashflows as an annuity. It may be helpful to draw a cashflow diagram
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Intermediate Microeconomics
Authors: Hal R. Varian
9th edition
978-0393123975, 393123979, 393123960, 978-0393919677, 393919676, 978-0393123968
