If friends offer to give you $8 in a month if you give them $8 today, would

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If friends offer to give you $8 in a month if you give them $8 today, would you do it? Why or why not? How much would they have to pay back for you to give them the $8 today? Why?

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Foundations of Financial Management

ISBN: 978-1259024979

10th Canadian edition

Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta

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Question Posted: Sep 20, 2017 10:25 AM

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If friends offer to give you $8 in a month if you give them $8 today, would

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This is a classic time value of money problem Todays 8 will be w...View the full answer

Foundations of Financial Management

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