Anya Finally Decides That She Will Give Her Cousin,Zen,the Loan

question 7

Essay

Anya finally decides that she will give her cousin,Zen,the loan he requested.He is expected to pay Anya $12,500 each year for the next 5 years,starting at the end of this year.The loan interest rate at the bank is 5% but because he is family,she will only charge him half of this interest rate.What is the current value of this loan,today?
B)$500,000 C)$62,500 D)$54,118.46 E)$55,240.89

---

Definitions:

Chaos

A state of extreme confusion and disorder.

Overwhelmed

Feeling unable to cope due to being swamped or excessively burdened by emotions, tasks, or problems.

Litany

A repetitive or prolonged series of complaints or grievances.

Compliments

Expressions of praise or admiration towards someone, often used to affirm positive qualities or achievements.