If you owe $35,000 payable at the end of eight years, what amount should your creditor accept

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If you owe $35,000 payable at the end of eight years, what amount should your creditor accept in payment immediately if she could earn 13 percent on her money?

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Foundations of Financial Management

ISBN: 978-1259194078

15th edition

Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen

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Question Posted: Oct 14, 2014 06:47 AM

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If you owe $35,000 payable at the end of eight years, what amount should your creditor accept

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Foundations of Financial Management

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