Question
Suppose Brian has $1000 to lend to one of two friends for 6 months. The first friend, Tom, is offering to pay him 9% interest
Suppose Brian has $1000 to lend to one of two friends for 6 months. The first friend, Tom, is offering to pay him 9% interest compounded quarterly. The second friend, Steven, is willing to pay him 8.8% interest compounded daily.
a) Compute the future value if Brian were to give his $1000 to Tom.
Pls Be fast
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The Economics Of Money Banking And Financial Markets
Authors: Frederic S. Mishkin
9th Edition
0321598903, 978-0321598905
