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$82 for a promise to pay $100 in two years' time implies a 10 per cen
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$82 for a promise to pay $100 in two years' time implies a 10 per cen
per annum rate of interest on two-year loans. Accordingly we shall now assume that our Central Bank at 8 a.m. on day 0 offers to borrow or lend on stated terms not only money for one day, but money for two days, money for three days, money for
Edition 1st Edition
First Published 1968
Imprint Routledge
Pages 3
eBook ISBN 9780203106594