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Decision Makers Household Sector
?
If an individual earns $60,000 this year and $60,000 the following year, the real interest rate is 5%, the present value of income will be
$123,000
$120,000
$117,142
$115,234
Show Result
Correct
- Your answer is correct.
Wrong
- Your answer is wrong.
Detailed Answer
Correct answer: (C)
$117,142
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?
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