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Your triend has a trust fund that will pey him $130,000 at the end af 10 years. Your friend, however, wants his marvey today He

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Your triend has a trust fund that will pey him $130,000 at the end af 10 years. Your friend, however, wants his marvey today He promises to shan his tinst turd orth to you \& ypu give him some money today. You require a 20% interest rate per year on money you tend to triends. How much would you be willing to iend under these terms 7 Aseume interest compounds yearly) $56,360 $22,363 $0-it would be impossible to eam 20% interest on the foan. $25.841 $20.996

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