Sunday
March 29, 2015

Homework Help: economics

Posted by Rachel on Sunday, April 17, 2011 at 10:05pm.

Jerry will receive the following payments: 946 in year 3, 929 in year 5 and 958 in year 9. What is the purchasing power of the present value of these payments if the market interest rate is 17% per year and the inflation rate is 6% per year?

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