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1. What is the present value of a $260 payment in one year when the discount rate is 8 percent? 2. Determine the interest rate
1. What is the present value of a $260 payment in one year when the discount rate is 8 percent?
2. Determine the interest rate earned on a $1,500 deposit when $1,800 is paid back in one year.
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Financial Terms Dictionary Investment Terminology Explained
Authors: Thomas Herold, Wesley Crowder
1st Edition
1521725764, 978-1521725764
