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A loan agreement calls for payment of $1200 plus $400 simple interest. The loan is due 2 years from now. What payment would be required
A loan agreement calls for payment of $1200 plus $400 simple interest. The loan is due 2 years from now. What payment would be required to pay off the loan today if it is discounted at 8.6% simple interest?
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Stocks For The Long Run
Authors: Jeremy Siegel
6th Edition
1264269803, 978-1264269808
