Sabrina owns a loan contract that will provide her with payments of $350 at the end of
Question:
Sabrina owns a loan contract that will provide her with payments of $350 at the end of every month for the next 11 years and 5 months. If Sabrina sells this loan contract today, what price would an investor be prepared to pay in order to "build in" a rate of return of 815% compounded monthly?
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Related Book For 
Fundamentals Of Business Mathematics In Canada
ISBN: 9781259370151
3rd Edition
Authors: F. Ernest Jerome, Jackie Shemko
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