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08-04-2020
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for arthur's graduation gift, Arthur's grandmother gives him a choice: he can receive 1000 today or 1050 one year from today. at what annual interest rate would Arthur be indifferent to choosing between the two opinions

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ewomazinoade ewomazinoade

12-04-2020

Answer:

5%

Explanation:

At an interest rate of 5% ,the present value of $1050 is $1000

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