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Magdalen, Miriam, and Mary June were asked toconsider two

Engineering Economic Analysis | 12th Edition | ISBN: 9780199339273 | Authors: Donald G. Newnan; Jerome P. Lavelle; Ted G. Eschenbach ISBN: 9780199339273 93

Solution for problem 3-9 Chapter 3

Engineering Economic Analysis | 12th Edition

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Engineering Economic Analysis | 12th Edition | ISBN: 9780199339273 | Authors: Donald G. Newnan; Jerome P. Lavelle; Ted G. Eschenbach

Engineering Economic Analysis | 12th Edition

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Problem 3-9

Magdalen, Miriam, and Mary June were asked toconsider two different cash flows: $500 that theycould receive today and $1000 that would be received 3 years from today. Magdalen wanted the $500 dol-lars today, Miriam chose to collect $1000 in 3 years,and Mary June was indifferent between these twooptions. Can you offer an explanation of the choicemade by each woman?

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Textbook: Engineering Economic Analysis
Edition: 12
Author: Donald G. Newnan; Jerome P. Lavelle; Ted G. Eschenbach
ISBN: 9780199339273

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