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8 June, 16:12

for arthur's graduation gift, Arthur's grandmother gives him a choice: he can receive 1000 today or 1050 one year from today. at what annual interest rate would Arthur be indifferent to choosing between the two opinions

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  1. 8 June, 16:58
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    5%

    Explanation:

    At an interest rate of 5%, the present value of $1050 is $1000
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