Question
Your dear uncle passed, but left you $1,000,000 in a trust payable to you when you graduate in 3 years and 3 months. Assuming a
Your dear uncle passed, but left you $1,000,000 in a trust payable to you when you graduate in 3 years and 3 months. Assuming a bank will discount it to you at 3.75% per annum, how much money could you collect right now?
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Money Banking And Financial Markets
Authors: Stephen Cecchetti, Kermit Schoenholtz
6th Edition
1260226786, 9781260226782
