Question: can you complete 16, 17, 18 Question 16 (1 point) A trustworthy friend asks to borrow money from you today. She promises to pay you
can you complete 16, 17, 18Question 16 (1 point) A trustworthy friend asks to borrow money from you today. She promises to pay you exactly $1500 in 2 years, and she insists on your earning the same interest rate on your loan to her as you would have earned keeping your money in your savings account that earns 4%. How much can you lend her today? Your Answer: Answer Question 17 (1 point) Last national bank offers a CD paying 6% interest (compounded annually). If you invest $1000 how much will you have in S at the end of year 10 Your Answer: Answer Question 18 (1 point) You deposited the following amounts at the end of each year into an account earning 5% interest YearDeposit $300 S550 5800 2 The balance in the account at the end of Year 4 is
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