Investment that changes due to a change in income and the interest rate is called autonomous investment. Th e present value of a capital asset is the sum obtained aft er discounting the expected...


Investment that changes due to a change in income and the interest rate is called autonomous investment.


Th e present value of a capital asset is the sum obtained aft er discounting the expected future yields over its entire life


at the market rate of interest.



May 26, 2022
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