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A lender is promised a 100 payment including interest one

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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. $100.00
B. $108.20
C. $92.59
D. $96.40

Reference no: EM13572675

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