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Mairoon Mairoon
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6 years ago
Suppose that your college offers you two payment plans. You may either pay tuition of $10,000 per year at the beginning of each of the next four years, or pay just $38,000 before the start of freshman year. If the interest rate is 10%, what would you do? If the interest rate were 2%, what would you do? Intuitively explain the difference in your answer.
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Microeconomics

Microeconomics


Edition: 6th
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TecShdwTecShdw
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6 years ago
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Mairoon Author
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6 years ago
Thanks for your help!!
Gamiung3657
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Yesterday
Smart ... Thanks!
patod1
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2 hours ago
This site is awesome
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