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Utility Maximization

Utility Maximization . Chapter 19. Time Value of $$$. The value of money in the future, once interest has been considered Ex- 2 options: A)You could have $10,000 now or B) $10,000 3 years from now. Which is better? Present Value for both = $10,000 Future Value A = 10,000 + interest

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Utility Maximization