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Author Question: If the interest rate is 8 percent, the present value of 10,000 to be received 10 years from today is ... (Read 100 times)

Zoey63294

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on: Jun 29, 2018
If the interest rate is 8 percent, the present value of 10,000 to be received 10 years from today is about
 
  A) 21,589.
  B) 9,259.
  C) 4,632.
  D) 10,800.

Question 2

If Ivan says he is indifferent between the consumption of a new pair of jeans or a set of earrings, he means that he does not want either product. Is the previous analysis CORRECT? Explain your answer.
 
  What will be an ideal response?


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chreslie

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

The analysis is incorrect. The term indifferent means that Ivan does not care if he gets another pair of jeans or another set of earrings.


Zoey63294

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

FergA

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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