Microeconomics (2nd Edition) (Pearson Series in Economics)
Microeconomics (2nd Edition) (Pearson Series in Economics)
2nd Edition
ISBN: 9780134492049
Author: Daron Acemoglu, David Laibson, John List
Publisher: PEARSON
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Chapter 15, Problem 12P
To determine

Present value at 50% interest rate when payments are made in the following ways

(i) $60 is paid one year from now

(ii) $60 is paid now and one year from now

(iii) $60 is paid now and forever.

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