This topic contains a solution. Click here to go to the answer

Author Question: Carol can borrow $13 000 from her friend Eric to buy a car. He is willing to lend her the money at ... (Read 534 times)

olivia_rose

  • Full Member
  • ***
  • Posts: 132

Question 1

How much would you have to deposit today in a bank account paying 8% annual interest to allow you to withdraw $200, 5 years from now?
◦ $184.17
◦ $293.80
◦ $136.12
◦ $142.57
◦ $185.19

Question 2

Carol can borrow $13 000 from her friend Eric to buy a car. He is willing to lend her the money at 7% annual interest for a period of five years. If Carol accepts Eric's offer, he can expect a lump-sum repayment in five years of approximately
◦ $15 239.
◦ $18 233.
◦ $19 097.
◦ $17 837.
◦ $13 544.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by olivia_rose on Oct 12, 2022

Yermi196

  • Full Member
  • ***
  • Posts: 135
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.
Answer Preview
Only 35% of students answer this correctly




olivia_rose

  • Member
  • Posts: 132
Reply 2 on: Oct 12, 2022
Wow, this really help


daiying98

  • Member
  • Posts: 354
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

For a complete list of videos, visit our video library