D. would be the correct answer I believe!
Answer:
$14,407.72
$10,604.64
$15,979.32
Explanation:
The formula to be used is :
FV = PV x е^r x N
FV = Future value
P = Present value
R = interest rate
N = number of years
$1,900 x e^0.08 x 7 = $14,407.72
$1,900 x e^0.11 x 5 = $10,604.64
$1,900 x e^0.05 x 8 = $15,979.32
Answer
The answer and procedures of the exercise are attached three images. The maximum profit is 262.500
Explanation
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in three images.
Credit is the amount of money that a company will lend to you, and debt is the amount of credit that you have borrowed and still owe.
Your credit score has many components: payment history, amount of available credit that you are using, length of your credit history, types of accounts (credit mix), and new credit.
A loan is a type of credit, and assets are things of value that you own by yourself without owing money on them.
Collateral is assets that you can use to secure a loan, so that if you don't pay what you owe the lender can take those assets from you to recover the amount you owe them.
Installment credit is a loan that you pay in chunks every month/year. Revolving credit is automatically renewed as you pay off the debt. If the credit amount is $1000, and you borrow $500 you will have $500 left. If you then pay off $200 you will automatically have $800 of credit available to you.