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Your brother has asked you for a loan and has promised to pay you $7,250 at the end of three years. If you normally invest
Your brother has asked you for a loan and has promised to pay you $7,250 at the end of three years. If you normally invest to earn 7.50 percent per year, how much will you be willing to lend to your brother if you view this purely as a financial transaction (i.e., you dont give your brother a special deal)?
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