Question
Your friend James has asked you to lend him some money. He said he can pay you back $1000 per year for five years. If
Your friend James has asked you to lend him some money. He said he can pay you back $1000 per year for five years. If you need a 6% annual return, how much will you lend him today?
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes
11th edition
9781259278617, 77861647, 1259278611, 978-0077861643
