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Your brother has asked you for a loan and has promised to pay you $6000 at the end of three years. If you normally earn
Your brother has asked you for a loan and has promised to pay you $6000 at the end of three years. If you normally earn 7.5% per year, how much will you be willing to lend your brother if you view this purely as a financial transaction(If you dont give your brother a special deal)? (Round to nearest penny) amount to be invested today:
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