Question
The spot price of corn is $6.01 per bushel. The opportunity cost of capital for an investor is 0.5% per month. If storage costs of
- The spot price of corn is $6.01 per bushel. The opportunity cost of capital for an investor is 0.5% per month.
- If storage costs of $0.03 per bushel per month are factored in, all else being equal, what is the future value of storage costs over a 6 month period?
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Microeconomics An Intuitive Approach with Calculus
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