Microeconomics (2nd Edition) (Pearson Series in Economics)
2nd Edition
ISBN: 9780134492049
Author: Daron Acemoglu, David Laibson, John List
Publisher: PEARSON
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Question
Chapter 15, Problem 2Q
To determine
The present value of a future payment.
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Chapter 15 Solutions
Microeconomics (2nd Edition) (Pearson Series in Economics)
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- On November 4, you get a boat loan. Your first payment is due December 4. You write out your check on December 1, drop it in a mailbox on December 2, it gets postmarked on December 3, and the lender receives it on December 6. For how many days is interest calculated?arrow_forwardSolve it correctly please. I will rate and review accordingly.arrow_forwardHow do I find present worth?arrow_forward
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