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If the market rate of interest is 10%, a rational person would just as soon

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If the market rate of interest is 10%, a rational person would just as soon receive $1,100 three years from now as what amount today (round to the nearest dollar)?;a. $ 783.;b. $ 826.;c. $1,000.;d. $1,100.;e. None of the above is correct.

 

Paper#26754 | Written in 18-Jul-2015

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