If Money Earns 9

question 90

Short Answer

If money earns 9.5%, calculate and compare the economic value today of the following payment streams:
a) Payments of $900 and $1,400 due 150 and 80 days ago, respectively.
b) Payments of $800, $600, and $1,000 due 30, 75, and 125 days from now, respectively.

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Definitions:

Legitimizing Myths

Explanations used to justify why people in power deserve to be in power.

Self-Interest

The consideration of one's own advantages or well-being above those of others or the collective.

Vision

The faculty or state of being able to see, as well as the perception of the environment and the ability to interpret the surrounding visuals.

Leisure

refers to free time spent away from business, work, domestic chores, and education, as well as necessary activities such as eating and sleeping.