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Posted on Sep 28, 2024

To raise money for a new business, a friend asks you to loan her some money. She offers to pay you $3000 at the end

To raise money for a new business, a friend asks you to loan her some money. She offers to pay you $3000 at the end of 4 years. How much should you give her now if you want to earn 12% interest per year on your money

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