What amount to accept for opportunity cost of money
A lender is promiseda $100 payment (including interest) one year from today. If the lender has an 8% opportunity cost of money, he should be willing toaccept what amount today?
A. $100.00B. $108.20C. $92.59D. $96.40
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A lender is promised a $100 payment (including interest) one year from today. If the lender has an 8% opportunity cost of money, he should be willing to accept what amount today?
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