Solved: You require a 22 interest rate on money you lend to friends, Basic Computer Science

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You require a 22 interest rate on money you lend to friends

Your friend has a trust fund that will pay him $1,277 at the end of 13 years. Your friend, however, wants his money today. He promises to sign his trust fund over to you if you give him some money today. You require a 22% interest rate on money you lend to friends. How much would you be willing to lend under these terms?

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Basic Computer Science: You require a 22 interest rate on money you lend to friends

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