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Business, 08.02.2021 22:10 cupcake20019peehui

9 Suppose someone offered to sell you a note calling for payment of $1,225 15 months from today (456 days). They offer to sell it to you for $950. You have $950 in a bank time deposit which pays a 10% nominal rate with a daily (365 days a year) compounding, and you plan to leave the money in the bank unless you buy the note

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9 Suppose someone offered to sell you a note calling for payment of $1,225 15 months from today (456...
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