A business can either receive £200 now or an agreed amount in two years' time.
If the business requires a return of 12% on sums invested, what is the minimum amount the business should agree to receive in two years' time?
a)The business should agree to receive minimum £293 in two years' time
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b)The business should agree to receive minimum £376 in two years' time
c)The business should agree to receive minimum £251 in two years' time
d)The business should agree to receive minimum £178 in two years' time
Clear my selection
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