1. You have choice when subscribing to our magazine for four years: you can a)pay $100 now for a four year subscription, b)pay $28 at the beginning of each year for four years, or c)pay $54 today and $54 again two years from today. Which is the best deal for you, the subscriber, if the interest is 10% yearly? 2. Consider a principal amount of $1,000 to be invested for three years at a nominal rate

1. You have choice when subscribing to our magazine for four years: you can a)pay $100 now for a four year subscription, b)pay $28 at the beginning of each year for four years, or c)pay $54 today and $54 again two years from today. Which is the best deal for you, the subscriber, if the interest is 10% yearly? 2. Consider a principal amount of $1,000 to be invested for three years at a nominal rate

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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