Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. a friend needs $500 now, and will pay you back $57

A friend needs $500 now, and will pay you back $570 in a year. Is...

60.1K

Verified Solution

Question

Finance

A friend needs $500 now, and will pay you back $570 in a year. Is that a good investment when you can get 10% elsewhere? Compute the same investment at 15%

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Your friend wants to borrow $2,500 and pay you back the $2,500 in a year from...

Finance
Q

give one advantage and one disadvantage of using 9.0 of alumina in your column instead of...

Chemistry
Q

(Do the algorithm and flowchart) Write a C++ program that reads integer numbers and print it...

Programming
Q

1. Before reading info from the textbook, what did you believe about the amount of carbohydrate...

Biology
Q

Question 4 of 25 Exposure to a mutagen causes a person to develop an abnormal...

Biology
Q

Eliot is simplifying a radical. His work is shown?64-?4-16?4-16-2?16?64-2?16Which statement best applies to Eliot's mathematical...

Basic Math
Q

A local road was designed to handle a daily mean of 179 cars The local...

Statistics
Q

Suppose it is known that 20 of college students work full time Part A If...

Statistics
Q

Provide missing information in the following table

Accounting
Q

Milton Company has total current assets of $50,000, including inventory of $12,500, and current liabithics...

Accounting
Q

Cairns owns 70 percent of the voting stock of Hamilton, Inc. The parent's interest was...

Accounting
Q

The Marine Division of Pacific Corp. has average invested assets of $120,000,000. Sales revenue of...

Accounting