Question: Your buddy needs 1k today and wants a simple one-year loan. Youre willing to offer it to him as long as you get a real
Your buddy needs 1k today and wants a simple one-year loan. Youre willing to offer it to him as long as you get a real return of 5%. You dont expect any inflation but you have to pay 50% of any capital gains in taxes. You demand he pays you $___ a year from now. (round to the nearest dollar).
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