If Peregrine Consumes (1, 500, 1, 080)and Earns (1

question 8

Multiple Choice

If Peregrine consumes (1, 500, 1, 080) and earns (1, 000, 1, 680) and if the interest rate is 20%, the present value of his endowment is

• A)$2,680.
• B)$5,280.
• C)$2,400.
• D)$2,580.
• E)$6,280.

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