nuously compounded APRs). Suppose that someone came to you with an opportunity: they need $1,000 in 2 months to invest in a project. 2 months later (4 months from today) they will pay you back plus $6.62 of interest. Should you take the deal? If yes, what is the lowest interest payment you can accept for this deal? 1 month 2 months 3 months 4 months 5 months 6 months 2.60% 2.75% 2.85% 2.93% 2.98% 3.00% *Please provide step by step instructions with any formulas if appl

nuously compounded APRs). Suppose that someone came to you with an opportunity: they need $1,000 in 2 months to invest in a project. 2 months later (4 months from today) they will pay you back plus $6.62 of interest. Should you take the deal? If yes, what is the lowest interest payment you can accept for this deal? 1 month 2 months 3 months 4 months 5 months 6 months 2.60% 2.75% 2.85% 2.93% 2.98% 3.00% *Please provide step by step instructions with any formulas if appl

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 6P

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Similar questions

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