woodfordmaliky
02.07.2019 •
Mathematics
To borrow money, you pawn your mountain bike. based on the value of the bike, the pawnbroker loans you $552. one month later, you get your bike back by paying the pawnbroker $851. what annual interest rate did you pay for this loan
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Ответ:
Ответ:
Step-by-step explanation:
Calculate the present value (PV ) of a cash inflow of $500 in one year, and a cash inflow of $1,000 in 5 years, assuming a discount rate of 15%. PV = FV / (1 + R)