You owe $6000 payable three years from now. What alternative amount should your creditor be willing to

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You owe $6000 payable three years from now. What alternative amount should your creditor be willing to accept today if she can earn 4.2% compounded monthly on a low-risk investment?

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Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

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Question Posted: Sep 21, 2024 08:01 AM

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You owe $6000 payable three years from now. What alternative amount should your creditor be willing to accept today if she can earn 4.2% compounded monthly on a low-risk investment?
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You owe $6000 payable three years from now. What alternative amount should your creditor be willing to

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The creditorshould be willing to accept the economic...View the full answer

Business Mathematics In Canada

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