Calculation Of Investment With Interest Rate And Interest Payment Given

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Question

Suppose you are offered an investment which will pay off €250 in six months. The required interest rate for an investment of this risk is 5.7% per annum compounded annually. How much should you be willing to pay for this investment today?

Summary

The question belongs to Finance and it discusses about calculation of investment with interest payment and interest rate given.

Total Word Count 53

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