Question
2. You lend $450 to a friend who promises to pay you $125 at the end of each of the next 4 years. b. If
2. You lend $450 to a friend who promises to pay you $125 at the end of each of the next 4 years. b. If you can reliably earn 4% per year, what is the NPV (net present value) of the loan?
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Financial Markets And Institutions
Authors: Frederic S. Mishkin, Stanley Eakins
6th International Edition
0321552113, 9780321552112
