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If I borrow money today from my parents, I can repay $45,000 in exactly 9 years time. If the appropriate interest rate is 9.2% per
If I borrow money today from my parents, I can repay $45,000 in exactly 9 years time. If the appropriate interest rate is 9.2% per annum compounded semi-annually, the amount I can afford to borrow today is closest to: a. $19847 b. $2079 O c. $20028 O d. $20380
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