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Bob borrowed some money from Larry. He was supposed to pay Larry $1,000 5 months ago and another $800 2 months from today. Bob missed
Bob borrowed some money from Larry. He was supposed to pay Larry $1,000 5 months ago and another $800 2 months from today. Bob missed his first payment from 5 months ago. Larry is worried that Bob might not pay him back and would like the entire debt settled today. What would Larry be willing to accept as an equivalent payment from Bob today if he could earn 6% in low-risk investments
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Fundamentals Of Business Mathematics In Canada
Authors: F. Ernest Jerome, Jackie Shemko
3rd Edition
1259370151, 978-1259370151
