If the market interest rate is 12% per year and the inflation rate is 5% per year, the number of future dollars in year 7 that will be equivalent to $2000 now is best represented by the equation: Future dollar amount = 2000(1+0.198)7 Future dollar amount = 2000/(1.198) Future dollar amount = 2000(1+0.12)7 Future dollar amount = 2000/(1.07)

If the market interest rate is 12% per year and the inflation rate is 5% per year, the number of future dollars in year 7 that will be equivalent to $2000 now is best represented by the equation: Future dollar amount = 2000(1+0.198)7 Future dollar amount = 2000/(1.198) Future dollar amount = 2000(1+0.12)7 Future dollar amount = 2000/(1.07)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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