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The higher the interest rate, the lower the present value.

Nica

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The higher the interest rate, the lower the present value.

Question 1.

You win a lottery that pays $50,000 each year for the next 10 years beginning next year. How much are your winnings worth today?

▸ $0

▸ $50,000

▸ $500,000

▸ indeterminate with the given information

Question 2.

The higher the interest rate, the lower the present value.

▸ true

▸ false

Textbook

Principles of Economics

Edition: 12^th

Authors: Case, Fair, Oster

Read 73 times

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kamronet

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More solutions for this book are available here

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Nica Author

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