Question
Your best friend has just started a new business and is looking for investors. She promises to pay $300 one year from today and $700
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Your best friend has just started a new business and is looking for investors. She promises to pay $300 one year from today and $700 in two years. Assuming a discount rate of 11%, how much would you be willing to invest today?
$851.24
$1,291.08
$1,732.99
$900.53
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Fintech In Islamic Finance Theory And Practice
Authors: Umar A. Oseni, S. Nazim Ali
1st Edition
1138494801, 978-1138494800
