what is the present value of 5000 000 fifteen years from today at a 7% interest rate with exponential discounting?with hyperbolic discounting?when would you choose to usehyperbolic discountinginstead of exponential discounting in general?
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Answer:ranscribed image text: What is the present value of $5,000,000 fifteen years from now at a 7% interest rate with exponentia discounting? With hyperbolic discounting? When would you choose to use hyperbolic discounting instead of exponential discounting in general?
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