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EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN: 9781337514835
Author: MOYER
Publisher: CENGAGE LEARNING - CONSIGNMENT
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
Transcribed Image Text:If a corporation promises to pay you $80 per year
for three years and $1,000 after three years, what is
the maximum amount you would lend today if you
wanted to earn 8%?
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