Troy Has $105,000 Now

question 18

Short Answer

Troy has $105,000 now.He has a loan of $175,000 that he must pay at the end of 5 years.He can invest his $105,000 at 10% interest compounded semiannually.Will Troy have enough to pay his loan at the end of the 5 years?

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Definitions:

Business Proposition

An offer or suggestion, typically involving a product or service, presented to a potential client or partner.

Marketing Plan

A comprehensive document outlining the marketing strategies, tactics, and actions aimed at achieving the marketing objectives of a business.

Direct Suggestion

An approach that suggests prospects buy rather than telling them to buy.

Retirement Years

The period in a person's life after they have permanently left the workforce, typically involving receipt of retirement benefits.