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What rate are you earning if you agree to pay $100 today for an IOU for $500 due in 20 years? A) 4% B) 5%
What rate are you earning if you agree to pay $100 today for an IOU for $500 due in 20 years?
A) 4%
B) 5%
C) 6%
D) 7%
E) 8%
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Principles of Finance
Authors: Scott Besley, Eugene F. Brigham
6th edition
