You owe $6000 payable three years from now. What alternative amount should your creditor be willing to
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You owe $6000 payable three years from now. What alternative amount should your creditor be willing to accept today if she can earn 2.1% compounded monthly on a low-risk investment?
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The creditor should be willing to accept the economically e...View the full answer
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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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