SOLUTION: I can buy a car today for $5,000 and at the end of one year will be able to sell it for $4,400. The car yields services which I would be willing to give up if offered a lump sum of

Question 1160551: I can buy a car today for $5,000 and at the end of one year will be able to sell it for $4,400. The car yields services which I would be willing to give up if offered a lump sum of $1,100 today. I believe that inflation will be 10% during the year
Answer by Alan3354(69443) (Show Source): You can put this solution on YOUR website!
I can buy a car today for $5,000 and at the end of one year will be able to sell it for $4,400. The car yields services which I would be willing to give up if offered a lump sum of $1,100 today. I believe that inflation will be 10% during the year
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You are entitled to your opinion.
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