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Economics

To raise money for a new business a man asks you to loan him some money. He offers to pay you $3000 at the end of four years. How much should you give him now if you want 12% interest per year on your money?

1. $1800.15

2. $1906.50

3. $2101.50

4. $1721.18

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91404604

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