Starzdaze4730 Starzdaze4730
  • 05-06-2023
  • Business
contestada

Lisa runs a construction business and has been offered $350,000 payable after the home is built two years from today (Hint: she will get $350,000 two years from today). She needs the money now. If her opportunity cost is 8% per year, how much should she ask a lender for today? (The opportunity cost is the discount rate in this problem.)

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