How much would you loan your brother-in-law if he said he could repay you $200 in six
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Question:
How much would you loan your brother-in-law if he said he could repay you $200 in six months, $400 in a year, and $700 in two years if you can get 3 percent interest from the bank on a six month CD? Show you are indifferent between the loan and putting your money in the bank for the next two years
Related Book For
Microeconomics An Intuitive Approach with Calculus
ISBN: 978-0538453257
1st edition
Authors: Thomas Nechyba
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