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If the present value of $480 to be paid at the end of one year is $400, what is the one-year interest rate?
If the present value of $480 to be paid at the end of one year is $400, what is the one-year interest rate?
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Financial Management Theory And Practice
Authors: Eugene Brigham, Michael Ehrhardt, Jerome Gessaroli, Richard Nason
3rd Canadian Edition
017658305X, 978-0176583057
