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A friend asks to borrow $46 from you, and in return will pay you $49 in 1 year. If your bank is offering a 6.3%
A friend asks to borrow $46 from you, and in return will pay you $49 in 1 year. If your bank is offering a 6.3% interest rate on deposits and loans
How much money could you borrow today if you pay the bank $49 in one year?
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Investments An Introduction
Authors: Herbert B Mayo
11th Edition
1133936520, 9781133936527
