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    Foundations of Finance
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    Exam 5: The Time Value of Money
  5. Question
    You Borrow $30,000 and Agree to Pay It Off with One
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You Borrow $30,000 and Agree to Pay It Off with One

Question 108

Question 108

Short Answer

You borrow $30,000 and agree to pay it off with one lump sum payment of $40,000 in 6 years.What annual rate of interest will you be charged?

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