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Joe wishes to borrow a sum of money. In return, he is prepared to pay 100 at the end of every year for 4 years.
Joe wishes to borrow a sum of money. In return, he is prepared to pay 100 at the end of every year for 4 years. If the annual effective interest rate i = 12%, how much can he borrow now?
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The Socionomic Theory Of Finance
Authors: Robert R. Prechter
1st Edition
0977611256, 978-0977611256
