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You need to borrow $ 2 , 0 0 0 quickly, and the local pawn shop will give it to you if you promise to
You need to borrow $ quickly, and the local pawn shop will give it to you if you promise to repay them $ monthly over the next year.
Suppose that the pawn shop's cost of funds is compounded monthly. From its viewpoint, what is the NPV of this deal?
Multiple Choice
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$
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$
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