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Your friend comes to you and sounds desperate. He needs money for a can't lose deal and needs $17,000 now. He promises you that he
- Your friend comes to you and sounds desperate. He needs money for a can't lose deal and needs $17,000 now. He promises you that he will repay you when his deal pays off in four years at $20,000. If market interest rates are at 7%, should you loan your friend money?
A)Yes
B) No
C)Yes, but at a higher interest rate
D)Need more information.
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Using Financial Accounting Information The Alternative to Debits and Credits
Authors: Gary A. Porter, Curtis L. Norton
7th Edition
978-0-538-4527, 0-538-45274-9, 978-1133161646
