question archive Strapped for cash your neighbour makes you the following offer he will pay you back the money he borrows today over the next 11 years he will make yearly payment with the first payment being $1000 at the end of this year the payment will grow by 11% every year thereafter if the appropriate discount rate is 20% how much would you be willing to lend your neighbour today?
Strapped for cash your neighbour makes you the following offer he will pay you back the money he borrows today over the next 11 years he will make yearly payment with the first payment being $1000 at the end of this year the payment will grow by 11% every year thereafter if the appropriate discount rate is 20% how much would you be willing to lend your neighbour today?
Subject:FinancePrice: Bought3
Strapped for cash your neighbour makes you the following offer he will pay you back the money he borrows today over the next 11 years he will make yearly payment with the first payment being $1000 at the end of this year the payment will grow by 11% every year thereafter if the appropriate discount rate is 20% how much would you be willing to lend your neighbour today?
