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Sophia Finance Challenge 03 answers
- Course
- FINANCIAL 3062
- Institution
- Capella University
Sophia Finance Challenge 03 answers You loan a friend $5,000. There is a 15% chance your friend will pay you a 3% return, a 40% chance he will pay you a 2% return and a 45% chance he will pay you only a 1% return. What is your expected return after one year? a.) 1.80% b.) 2.05% ...
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