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corie corie
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7 years ago
You have won a contest and are allowed to choose between two prizes.  One option is to receive $200 today and another $200 one year from now.  The second option is $100 today and an additional $325 one year from now.  At what interest rate (if any) is the present value of the two prizes identical?
A) 0 percent
B) 5 percent
C) 10 percent
D) 25 percent
E) none of the above
Textbook 
Microeconomics

Microeconomics


Edition: 8th
Author:
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boransalboransal
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#1
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7 years ago
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corie Author
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7 years ago
Smart ... Thanks!
kh540941
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Yesterday
Brilliant ツ
nadiia
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2 hours ago
Just got PERFECT on my quiz
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