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correct answer will get an upvote for sure Rene has been offered the choice of receiving $6,029 today or an agreed-upon amount in 1 year.
correct answer will get an upvote for sure
Rene has been offered the choice of receiving $6,029 today or an agreed-upon amount in 1 year. While negotiating the future amount. Rene notes that he would be willing to take no less than $8.477 if he has to wait a year. What is his Time Value of Money in percent? State your answer with 2 decimal places without the percentage sign (Ex: 37.25) Step by Step Solution
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