Your neighbour makes you the following offer. He would like to borrow 21000 today. He will...
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Your neighbour makes you the following offer. He would like to borrow 21000 today. He will repay this amount by making 20 annual payments with the first payment being made at the end of this year. If the payments grow by 12.00% each year and the appropriate discount rate is 15.00%, how much will your neighbour you at the end of the first year? Your neighbour makes you the following offer. He would like to borrow 21000 today. He will repay this amount by making 20 annual payments with the first payment being made at the end of this year. If the payments grow by 12.00% each year and the appropriate discount rate is 15.00%, how much will your neighbour you at the end of the first year?
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