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Three students have each saved $1,000. Each has an investment opportunity in which he or she can invest up to $2,000. Here are the rates
Three students have each saved $1,000. Each has an investment opportunity in which he or she can invest up to $2,000. Here are the rates on the students' investment projects: Return Student (Percent) Andrew 4 Darnell 7 Eleanor 15 Assume borrowing and lending is prohibited, so each student uses only personal saving to finance his or her own investment project. Complete the following table with how much each student will have a year later when the project pays its return. Money a Year Later Student (Dollars) Andrew Darnell Eleanor Now suppose their school opens up a market for loanable funds in which students can borrow and lend among themselves at an interest rate r
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