QUESTION-2 obtained result was Someone calculated the future worth of his investment in term of today's dollars. The $/945,895. The life of the investment is expected to be 20 years. The average annual inflation rate along this period is 7%. If it is known that the investor earns 14% per year from this investment, what is the first cost of the investment?
QUESTION-2 obtained result was Someone calculated the future worth of his investment in term of today's dollars. The $/945,895. The life of the investment is expected to be 20 years. The average annual inflation rate along this period is 7%. If it is known that the investor earns 14% per year from this investment, what is the first cost of the investment?
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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