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TB MC Qu. 1-33 Mr. Cobb has an income... Mr. Cobb has an income of $57,000 this year and will have $60,000 next year. He can invest in a project that costs $47,000 this year, which generates an income of $53,000 next year. The market interest rate is 10 percent. What will be available for his consumption next year if Mr. Cobb invests in the project and consumes $85,700 this year? Multiple Choice $57,000 $29,730 $94,000 $39,730

TB MC Qu. 1-33 Mr. Cobb has an income... Mr. Cobb has an income of $57,000 this year and will have $60,000 next year. He can invest in a project that costs $47,000 this year, which generates an income of $53,000 next year. The market interest rate is 10 percent. What will be available for his consumption next year if Mr. Cobb invests in the project and consumes $85,700 this year? Multiple Choice $57,000 $29,730 $94,000 $39,730

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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TB MC Qu. 1-33 Mr. Cobb has an income... Mr. Cobb has an income of $57,000 this year and will have $60,000 next year. He can invest in a project that costs $47,000 this year, which generates an income of $53,000 next year. The market interest rate is 10 percent. What will be available for his consumption next year if Mr. Cobb invests in the project and consumes $85,700 this year? Multiple Choice $57,000 $29,730 $94,000 $39,730
Transcribed Image Text:TB MC Qu. 1-33 Mr. Cobb has an income... Mr. Cobb has an income of $57,000 this year and will have $60,000 next year. He can invest in a project that costs $47,000 this year, which generates an income of $53,000 next year. The market interest rate is 10 percent. What will be available for his consumption next year if Mr. Cobb invests in the project and consumes $85,700 this year? Multiple Choice $57,000 $29,730 $94,000 $39,730
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