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Question 9 (1 point) Your friend has a trust fund that will pay him $105000 at the end of 11 years. Your friend, however, wants
Question 9 (1 point) Your friend has a trust fund that will pay him $105000 at the end of 11 years. Your friend, however, wants his money today. He promises to sign his trust fund over to you if you give him some money today. You require a 19% interest rate on money you lend to friends. How much would you be willing to lend under these terms? Round your answer to the nearest dollar. Your
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