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Mr. Denfine just borrowed $1,000 from Mr. Black. Mr. Denfine agreed to pay Mr. Black $300 in one week, $400 in two weeks, and $500
Mr. Denfine just borrowed $1,000 from Mr. Black. Mr. Denfine agreed to pay Mr. Black $300 in one week, $400 in two weeks, and $500 in three weeks. If the interest rate is 1% per week, what is the future value of this stream of payments in 3 weeks?
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Modern Principles of Economics
Authors: Tyler Cowen, Alex Tabarrok
3rd edition
1429278390, 978-1429278416, 1429278412, 978-1429278393
