Contemporary Engineering Economics Plus MyLab Engineering with eText -- Access Card Package (6th Edition)
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Chapter 12, Problem 16P
To determine

Calculate the expected present worth.

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Find the  expected value assuming  the risk factor is 30 %  and the interest rate is   15%, if you will receive $20,000 one year from today.   Find the  expected value assuming  the risk factor is 30 %  and the interest rate is   15%, if you will receive $20,000 two years from today.
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