Myeconlab With Pearson Etext -- Access Card -- For Microeconomics
9th Edition
ISBN: 9780134143071
Author: PINDYCK, Robert, Rubinfeld, Daniel
Publisher: PEARSON
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Chapter 15, Problem 2E
To determine
Selection of payment stream.
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Which of the following has the highest future value?
A.
$100 saved for 2 years at 10 percent interest
B.
$130 saved for 2 years at 7 percent interest
C.
$120 saved for 2 years at 8 percent interest
D.
$110 saved for 2 years at 9 percent interest
An interest rate of 21 percent per year, compounded every four months, is equal to what rate per year is effective?
The adjacent table presents annuity factors for various discount rates and payment periods up to 10 years. The present value of $80,000 per year for 10 years at a discount rate of 4 percent is $
Chapter 15 Solutions
Myeconlab With Pearson Etext -- Access Card -- For Microeconomics
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