Investment in flood control infrastructure - present value, Microeconomics

1. An investment in flood control infrastructure  today will generate $1,000,000 in benefits 10 years from today. Using a 3% discount rate what is the present value of these benefits today (to the nearest dollar)?

a.  $744,094

b.  $722,421

c.  $1,343,916

d.  $970,874 

Posted Date: 3/22/2013 7:03:08 AM | Location : United States







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