Question
Your friend has agreed to give you an interest free loan of $5,000 in 2 years time for a down payment on a car. Using
Your friend has agreed to give you an interest free loan of $5,000 in 2 years time for a down payment on a car. Using an annual interest rate of 2.75% what is the present value of the loan?
$4,736
$4,449
$5,279
$4,262
None of the options listed
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The Theory And Practice Of Investment Management
Authors: Frank J Fabozzi, Harry M Markowitz
2nd Edition
0470929901, 9780470929902
