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?
Magdalen, Miriam, and Mary June were asked toconsider two
Problem 3-9 Chapter 3
Engineering Economic Analysis | 12th Edition
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