Whose Cash Flow Is Best Described by the Timeline Shown

question 79

Multiple Choice

Whose cash flow is best described by the timeline shown below?

• A)Joe, who puts down $3,500 to buy a car, and then makes annual payments of $1,000
• B)Harry, who borrows $3,500, and then receives an annual payment of $1,000
• C)Karen, who loans a friend $3,500, which friend then pays back the loan in four annual installments of $1,000
• D)Leo, who borrows $3,500, and then pays back the loan in four annual payments of $1,000

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Definitions:

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