Emilio offers you two options: $890 today or $X in 11 years. Suppose that you are not risk averse. If the interest rate is 6 percent, then at what value of X would you be indifferent between the two options? Round your answer to the nearest two decimal place.

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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Question 28
Emilio offers you two options: $890 today or $X in 11 years. Suppose that you are not risk averse. If the interest rate is 6
percent, then at what value of X would you be indifferent between the two options? Round your answer to the nearest two
decimal place.
Transcribed Image Text:Question 28 Emilio offers you two options: $890 today or $X in 11 years. Suppose that you are not risk averse. If the interest rate is 6 percent, then at what value of X would you be indifferent between the two options? Round your answer to the nearest two decimal place.
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