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# rate of interest is 10%, a rational person would just as soon receive \$1,100 three years from now as what amount today (round to the nearest dollar)?...

If the market rate of interest is 10%, a rational person would just as soon receive \$1,100 three years from now as what amount today (round to the nearest dollar)?

a. \$ 783.
b. \$ 826.
c. \$1,000.
d. \$1,100.
e. None of the above is correct.

Dear Student,... View the full answer

Question:If the market rate of interest is 10%, a rational person would just as soon receive \$1,100 three
years from now as what amount today (round to the nearest dollar)?
a. \$ 783.
b. \$ 826.
c....

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