Question
You have $325, which a friend would like to borrow. If you don't lend it to your friend, you could invest it in an opportunity
You have $325, which a friend would like to borrow. If you don't lend it to your friend, you could invest it in an opportunity that would pay out $376 at the end of the year. What annual interest rate should your friend offer you to make you indifferent between these two options?
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Business Its Legal Ethical and Global Environment
Authors: Marianne M. Jennings
11th edition
1337103578, 978-1337514392, 133751439X, 978-0357690130, 978-1337103572
