If you expect to receive a gift of $50,000 six years from now, the present worth of the gift at a real interest rate of 4% per year and an inflation rate of 3% per year is closest to:
(a) $27,600
(b) $29,800
(c) $33,100
(d) $37,200
DATE
Question answered on Jul 22, 2018
PRICE: $17
Solution~000637599.zip (18.37 KB)