Question
Ben Affleck made a loan of 80000 at 8% for 200 days due to severe injuries receive in a car accident on the same day
Ben Affleck made a loan of 80000 at 8% for 200 days due to severe injuries receive in a car accident on the same day the loan was made Aflac immediately had to sell the loan to an investor the investor believes the credit risk of the borrower is high and requires 12% simple interest. FIND the present value of the loan
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International Financial Management
Authors: Jeff Madura
3rd Edition
0314862722, 978-0314862723
