Business

Krish Kaiser

3 July, 02:17

Suppose that, to cover some of your college expenses, you are obtaining a personal loan from you uncle in the amount of $25,000 (now) to be repaid in two years. if your uncle could earn 8% interest (compounded annually) on his money invested in various sources, what minimum lump-sum payment two years from now would you make your uncle happy economically?

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