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Assume that a borrower is willing to pay you $1,200 at the end of three years in return for a sum of money now. To
Assume that a borrower is willing to pay you $1,200 at the end of three years in return for a sum of money now. To receive a return of 9%, how much are you willing to lend now?
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Entrepreneurial Finance
Authors: Philip J. Adelman, Alan M. Marks
4th Edition
0132434792, 9780132434799
