Question
If the rate of interest (r) is 9%, then you should be indifferent about receiving $750 in one year or _____ A. $759 today B.
If the rate of interest (r) is 9%, then you should be indifferent about receiving $750 in one year or _____
A. $759 today
B. $688.07 today
C. $825.68 today
D. None of the above
Please don't use excel and go step by step
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Foundations In Personal Finance
Authors: Dave Ramsey
3rd Edition
1936948524, 978-1936948529
