Suppose You Borrow $95

question 5

Multiple Choice

Suppose you borrow $95.24 for one year at 5% and invest $95.24 for two years at 7%.For the time period beginning one year from today,you have:

• A)borrowed at 7%.
• B)invested at 7%.
• C)borrowed at 9%.
• D)invested at 9%.

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Definitions:

Total Profit

The total amount of money a company earns after subtracting the costs associated with producing and selling its products or services.

Early Finish Time

The earliest possible point in time when a particular task, project, or activity can be completed.

Latest Finish Time

In project management, the latest possible point in time by which an activity must be completed without delaying the project.