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1. Project P borrows $4000 from a bank today. It pays $2000 to the bank one year from today and $4000 two years from today.
1. Project P borrows $4000 from a bank today. It pays $2000 to the bank one year from today and $4000 two years from today. Project Q pays the bank $2000 today and $4000 one year from today. The bank pays this project $x two years from today. The net present values today of these two projects are equal. The annual effective interest rate is 10%. Find the amount X
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Principles Of Corporate Finance
Authors: Richard Brealey
10th Global Edition
0071314172, 9780071314176
