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corie corie
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7 years ago
Mitchell operates a diner in Pleasantville.  Currently, the diner is not certified by the Pleasantville Restaurant Club.  To get the diner certified, Mitchell would need to spend $20,000.  Once certified, Mitchell expects to receive $5,000 in additional profits every year for perpetuity beginning 1 year from certification.  What must Mitchell's discount rate be if he gets certified by the restaurant club?
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Microeconomics

Microeconomics


Edition: 8th
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oracledarrenoracledarren
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7 years ago
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corie Author
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7 years ago
This calls for a celebration Person Raising Both Hands in Celebration
GeorgeNeist
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Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
apelton
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2 hours ago
this is exactly what I needed
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