Due to the nature of the patent laws on pharmaceuticals, the market for such drugs A. switches from monopolistic to competitive
1 answer:
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Answer:
Present value investment = $98.05
Explanation:
given data
present value = $100
time 1 = 6 months = = 0.5 year
time 2 = 5 years
time 3 = 10 years
interest rate = 4 % = 0.04
to find out
Present value investment in 6 month for the rate 4 percent
solution
we get here Present value investment by as
Present value investment = present value ÷ ..............1
put here value and we get
Present value investment =
solve it we get
Present value investment =
Present value investment = $98.05