Question
Chris holds a 15,400 promissory note from Corinne that is payable at the end of two years at 12% simple interest. If Chris decides to
Chris holds a 15,400 promissory note from Corinne that is payable at the end of two years at 12% simple interest. If Chris decides to sell the note one year after the origin date, how much will he receive at 13% discount rate?
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Understanding The Finance Of Welfare
Authors: Howard Glennerster
2nd Edition
1847421091, 978-1847421098
