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you will receive a sum of 8750 in 1 year, but you need the $ today. if a bank lends you $ at an interest
you will receive a sum of 8750 in 1 year, but you need the $ today. if a bank lends you $ at an interest rate of16% per year what is the max amount of miney you can borrow that will be repaid with the $8750 received in 1 year?
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How To Understand Business Finance
Authors: Bob Cinnamon, Brian Helweg-Larsen
2nd Edition
0749460202, 978-0749460204
