Question: 10. Jack borrows $ 1,000 from his local bank which charges an annual interest rate of i for all their loans. Later that same day,

10. Jack borrows $ 1,000 from his local bank which charges an annual interest rate of i for all their loans. Later that same day, Jack decides to prepay the first year's interest and the bank agrees. How much does Jack pay the bank that day? $ 1000 times i $ 1000 times d S 1000 times v S i None of the above W999\"? 15. What is the product of (i, d, v, and a .. ; )when d is .03? A. .030 B. .033 C. .036 D. .039 E. None of the above. 16. If d is 10%, which of the following is true? A. 10%

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