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Please answer 1. You lend $900 to a friend who promises to pay you $250 at the end of each of the next 4 years.

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1. You lend $900 to a friend who promises to pay you $250 at the end of each of the next 4 years. a. Draw a timeline from your perspective. 0 b. If you can reliably earn 5% per year, what is the net present value (NPV) of the loan

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