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Someone you know needs a loan and she is willing to pay you back $16,000 in exactly 8 years. If you'd like to earn 4.7%
Someone you know needs a loan and she is willing to pay you back $16,000 in exactly 8 years. If you'd like to earn 4.7% compounded annually on this loan, how much would you be willing to loan her today? Round to the nearest dollar.
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Financial Markets Instruments And Institutions
Authors: Anthony M. Santomero, David Babbel
2nd Edition
0072358688, 9780072358681
