You plan to borrow

$$$$1$ comma $0001,000$

from a bank. In exchange for

$$$$1$ comma $0001,000$

$$today$,$ you promise to pay

$$$$1$ comma $0401,040$

in one year. What does the cash flow timeline look like from your$$ perspective? What does it look like from the$$ bank's perspective?

Question content area bottom

Part $1$

What does the cash flow timeline look like from your$$ perspective?$($Select the best choice$$ below.$)$

A$.$

The timeline starts at Period $0$ and ends at Period $1.$ The timeline shows a cash flow of minus $1,000$ dollars in Period $0$ and $1,040$ dollars in Period $1.$

PeriodPeriod

$00$

$11$

Cash FlowsCash$$Flows

negative $ $1,000$$$1,000$

$ $1,040$$$1,040$

B$.$

The timeline starts at Period $0$ and ends at Period $1.$ The timeline shows a cash flow of minus $1,040$ dollars in Period $0$ and $1,000$ dollars in Period $1.$

PeriodPeriod

$00$

$11$

Cash FlowsCash$$Flows

negative $ $1,040$$$1,040$

$1,0001,000$