Your rich uncle Earl tells you that he will give you $500 in two years.You could borrow the present value of this $500 and when your uncle sends you the gift have just enough to pay off the loan.About how much can you borrow if the interest rate is 11 percent?

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The Answer of Your rich uncle Earl tells you that he will give you $500 in two years.You could borrow the present value of this $500 and when your uncle sends you the gift have just enough to pay off the loan.About how much can you borrow if the interest rate is 11 percent?

Your Rich Uncle Earl Tells You That He Will Give