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1. Would you be willing to pay $1,000 today in exchange for $2,000 in 8 years? What would be the key considerations in answering yes

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1. Would you be willing to pay $1,000 today in exchange for $2,000 in 8 years? What would be the key considerations in answering yes or no? Would your answer depend on who is making the promise to repay? 5 marks

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