Brendyn was scheduled to pay $5000 in 8 months from now to settle a debt. If money
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Brendyn was scheduled to pay $5000 in 8 months from now to settle a debt. If money can earn 4.5% on low-risk investments, how much should the lender be willing to accept today as an equivalent payment if Brendyn would like to eliminate the debt earlier than planned?
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Related Book For
Fundamentals Of Business Mathematics In Canada
ISBN: 9781259370151
3rd Edition
Authors: F. Ernest Jerome, Jackie Shemko
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