Question
Why are we saying that a future increase in income is worth less because it is discounted? consider a increase in income of 100 in
Why are we saying that a future increase in income is worth less because it is discounted?
consider a increase in income of 100 in period 1, why do we increase our consumption in period 1 more than period two when the real interest rate equals to the degree of impatience? consider the formula of Y2/(1+r), thanks !
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International Business
Authors: John Daniels, Lee Radebaugh, Daniel Sullivan
16th edition
134200055, 978-0134201542, 013420154X, 978-0134200057
