H6. a. what is the present value of a two year income stream $10,000 in year 1 and $10,000 in year 2 assuming a 5% interest rate (assuming one gets paid at the end of the year) b. what is the present value of a $10,000 income stream obtained in every throughout one's life?

H6. a. what is the present value of a two year income stream $10,000 in year 1 and $10,000 in year 2 assuming a 5% interest rate (assuming one gets paid at the end of the year) b. what is the present value of a $10,000 income stream obtained in every throughout one's life?

Microeconomics

13th Edition

ISBN:9781337617406

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter16: Interest, Rent, And Profit

Section: Chapter Questions

Problem 1WNG

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