Investment in flood control infrastructure - present value, Microeconomics

Assignment Help:

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

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