Question
A friend comes to you and wants to borrow money for 15 days until his next paycheck. He can afford to pay you back $500
A friend comes to you and wants to borrow money for 15 days until his next paycheck. He can afford to pay you back $500 in 15 days. If you want to earn 10% annual interest, compounded daily, how much should you lend him today?
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Introduction to Electrodynamics
Authors: David J. Griffiths
3rd Edition
978-0138053260, 013805326X, 8120316010, 978-8120316010
