What is the present value of rob''s endowment

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Rob has an income of $10,000 this year and he expects an incomeof $13,200 next year. He can borrow and lend money at an interestrate of 10%. Consumption goods cost $1 per unit this year and thereis no inflation.

a. What is the present value of Rob's endowment?

Reference no: EM13329344

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