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Question 8 a) Michael borrowed some money from Eleanor. Would Eleanor rather have Michael pay her $5,000 today or $5,250 in 18 months? If she

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Question 8 a) Michael borrowed some money from Eleanor. Would Eleanor rather have Michael pay her $5,000 today or $5,250 in 18 months? If she had the money today, she could invest it and earn 2.75% b) How much interest would Eleanor earn if she invested the $5,000 for 18 months at a rate of 2.75%

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