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MONEY & BANKING (MGT411)
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A lender is promised a $100 payment (including interest) one year from today. If the lender has an 8% opportunity cost of money, he should be willing to accept what amount today?
A.$100.00
B.$108.20
C.$92.59
D$96.40

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Size 35 KB
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Created 2010-09-08 12:23:00
Created by mshakeel
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