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Economics Suppose a local asteroid defense system will yield benefits of $1 billion in 300 years by averting large scale destruction and loss of life.

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Economics Suppose a local asteroid defense system will yield benefits of $1 billion in 300 years by averting large scale destruction and loss of life. Write an expression for calculating the present discounted value of these benefits using the following time- declining rate schedule: 3 percent for years 150, 2.5 percent for years 51100, 2 percent for years 101200, 1 percent for years 201300. DO NOT CALCULATE

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