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8.Your friend needs a loan now and is willing to pay you back $100 in 1...

8.Your friend needs a loan now and is willing to pay you back $100 in 1 year and another $100 in 2 years. (i.e. you will receive both payments) How much are you willing to lend your friend now if you want an interest rate of 6%?

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$178

$183.34

$200
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