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amount to be loaned today? Your brother has asked you for a loan and has promised to pay you $9,100 at the end of three
amount to be loaned today?
Your brother has asked you for a loan and has promised to pay you $9,100 at the end of three years. If you normally invest to earn 6.9 percent per year, how much will you be willing to lend to your brother if you view this purely as a financial transaction (i.e., you don't. give your brother a special deal)? (Round intermediote calculations to 6 decimal ploces, es. 2.512512 and final answer to 2 decimal ploces, cs.2,515.25. Amount to be loaned today Step by Step Solution
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