$1,000 $1,000 2T $500 $500 4 3. ΕΟΥ ΕΟΥ 3T

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter22: Inflation
Section: Chapter Questions
Problem 18RQ: What is deflation?
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Question
What value of T makes these two cash flow diagrams (see figure) economically equivalent at 15% annual interest? (Show your complete solution)
$1,000
$1,000
2T
$500
$500
2
2
3.
4
ΕΟΥ
ΕΟΥ
3T
Transcribed Image Text:$1,000 $1,000 2T $500 $500 2 2 3. 4 ΕΟΥ ΕΟΥ 3T
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