Paul has promised to pay lucy 25500 in seven years if she


Paul has promised to pay Lucy $25,500 in seven years if she gives him $10,000 today. What discount rate is Paul using?

  • 12.45%
  • 13.54%
  • 14.31%
  • 15.45%
  • 10.43%

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Finance Basics: Paul has promised to pay lucy 25500 in seven years if she
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