Question
A trustworthy friend asks to borrow money from you today. She promises to pay you exactly $4000 in 4 years, and she insists on your
A trustworthy friend asks to borrow money from you today. She promises to pay you exactly $4000 in 4 years, and she insists on your earning the same interest rate on your loan to her as you would have earned keeping your money in your savings account that earns 1%. How much can you lend her today?
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Statistics Modeling And Finance
Authors: Mark A Munizzo, Lisa Virruso Musial
1st Edition
0840049234, 9780840049230
