George of problem 311 does not really know when the, Ask an Expert

Economics

George (of Problem 3.11) does not really know when the inheritance will come. Assume 10 years and a 10% interest rate. Consider the present worth again.

(a) Which has more effect: halving the life, or halving the interest rate?

(b) Which has more effect: doubling the life, or doubling the interest rate?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M92635025

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