Pls don't copy from any other tutor site. Q.What is the present value of $5,000,000 fifteen years from now at a 7% interest rate with exponential discounting? With hyperbolic discounting? When would you choose to use hyperbolic discounting instead of exponential discounting in general?

Essentials of Economics (MindTap Course List)
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ISBN:9781337091992
Author:N. Gregory Mankiw
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Pls don't copy from any other tutor site. Q.What is the present value of $5,000,000 fifteen years from now at a 7% interest rate with exponential discounting? With hyperbolic discounting? When would you choose to use hyperbolic discounting instead of exponential discounting in general?
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