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whipped whipped
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6 years ago
George is offered an investment option by his friend. He asks George for $6,900 and offers to repay him $12,990 after a period of ten years. George considers investing his money in his friend's project; however, the bank in his community offers an annual rate of interest of 9% on every deposit. Which do you think is the better investment option for George?
Textbook 
Microeconomics

Microeconomics


Edition: 1st
Authors:
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SudzburySudzbury
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6 years ago
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