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Suppose you need to pay your air ticket of $2400 for a European trip in 12 months If you deposit money now, you can earn
Suppose you need to pay your air ticket of $2400 for a European trip in 12 months If you deposit money now, you can earn 7% per annum with a 50% probability, 6% with a 25% probability, and 8% with a 25% probability, How much do you need to invest today?
DO NOT COPY FROM CHEGG, OR I HAVE TO REPORT.
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