You decide to borrow money from Cousin Vinnie and he has agreed to a 20 percent...
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You decide to borrow money from Cousin Vinnie and he has agreed to a 20 percent interest rate per year. If you borrowed $200 last year, and know you must pay him in full exactly $716.64 (and make no other payments to him), how long from now until you must pay him back? You decide to borrow money from Cousin Vinnie and he has agreed to a 20 percent interest rate per year. If you borrowed $200 last year, and know you must pay him in full exactly $716.64 (and make no other payments to him), how long from now until you must pay him back?
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Related Book For
Fundamentals Of Corporate Finance
ISBN: 9780135811603
5th Edition
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
Posted Date:
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