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7. Assume Ellina earns a 7 percent after-tax rate of return and that she owes a friend $1,800. Would she prefer to pay the friend

7. Assume Ellina earns a 7 percent after-tax rate of return and that she owes a friend $1,800. Would she prefer to pay the friend $1,800 today or $2,340 in four years? Use Exhibit 3. 1.. 7. Assume Ell...

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