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Posted on Aug 18, 2024

What rate are you earning if you agree to pay $ 1 0 0 today for an IOU for $ 5 0 0 due in

What rate are you earning if you agree to pay $

100

today for an IOU for $

500

due in

20

years? A

) 4 %

) 5 %

) 6 %

) 7 %

) 8 %

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