Question: 1 point him some money today. You require a 20% annual interest rate on the money you lend to 'friends.' How much would you be

1 point him some money today. You require a

20%

annual interest rate on the money you lend to 'friends.' How much would you be willing to lend today under these terms?\

$50,000

$16,151

$0

- it would be impossible to earn

20%

from this loan.\

$80,000

1 point him some money today. You require a 20% annual

1 point Your friend has a trust fund that will pay him $100,000 at the end of 10 years. Your friend, however, wants money today. He promises to sign his trust fund over to you if you give him some money today. You require a 20% annual interest rate on the money you lend to 'friends.' How much would you be willing to lend today under these terms? $50,000 $16,151 $0 - it would be impossible to earn 20% from this loan. $80,000

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