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You have $300 and a friend would like to borrow it. If you don't lend it to your friend, you could invest it in a
You have $300 and a friend would like to borrow it. If you don't lend it to your friend, you could invest it in a savings account that would pay out $360 at the end of the year. What percent of annual interest rate should you accept for the loan request to make you indifferent between these two options
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