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    Exam 7: Applications of Simple Interest
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    An Investment Promises Two Payments of $500, 90 and 150
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An Investment Promises Two Payments of $500, 90 and 150

Question 124

Question 124

Short Answer

An investment promises two payments of $500, 90 and 150 days from today. What price will an investor pay today if her required rate of return is 6.5% simple interest?

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