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Author Question: You have $253.05 today. A friend wants to borrow that money from you and pay you back $310 at the ... (Read 550 times)

scienceeasy

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on: Apr 25, 2021

Question 1

You currently have $48,000 in your bank account, which pays annual interest of 5%, and you are saving up to buy a brand new $150,000 Jaguar convertible. In how many years will you have enough money to buy the car?
◦ 26.0 years
◦ 25.0 years
◦ 18.0 years
◦ 20.0 years
◦ 24.0 years

Question 2

You have $253.05 today. A friend wants to borrow that money from you and pay you back $310 at the end of 3 years. What rate of return (per annum) will you earn from the loan?
◦ 7.0%
◦ 7.2%
◦ 6.8%
◦ 7.4%
◦ 7.6%
Corporate Finance Online ¦ Eakins, McNally ¦ 2nd Edition
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Marked as best answer by scienceeasy on Apr 25, 2021

diana chang

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Reply #1 on: Apr 25, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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scienceeasy

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Reply 2 on: Apr 25, 2021
Thanks for the timely response, appreciate it

hollysheppard095

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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