You plan to borrow $$4,000$ from a bank. In exchange for $$4,000$ today, you promise to pay $$4,240$ in one year. What does the cash flow timeline look like from your perspective? What does it look like from the bank's perspective?

$$ D$.$ Period

What does it look like from the bank's perspective? $($Select the best choice below.$)$

A$.$ Period

B$.$ Period

Cash Flows

C$.$ Period

$1$

Cash Flows $-$ $$4,000,$$$4,240$

$$ D$.$ Period

$0$

$1$

Cash Flows

You are planning to invest $$8,000$ in an account earning $8\%$ per year for retirement.

a$.$ If you put the $$8,000$ in an account at age $23,$ and withdraw it $50$ years later, how much will you have?

b$.$ If you wait $10$ years before making the deposit, so that it stays in the account for only $40$ years, how much will you have at the end?

a$.$ If you put the $$8,000$ in an account at age $23,$ and withdraw it $50$ years later, how much will you have?

In $50$ years, you will have $ $375212\mathrm{.}90($Round to the nearest cent.$)$

b$.$ If you wait $10$ years before making the deposit, so that it stays in the account for only $40$ years, how much will you have at the end?

In $40$ years, you will have $ $($Round to the nearest cent.$)$

You are planning to invest $$8,000$ in an account earning $8\%$ per year for retirement.

a$.$ If you put the $$8,000$ in an account at age $23,$ and withdraw it $50$ years later, how much will you have?

b$.$ If you wait $10$ years before making the deposit, so that it stays in the account for only $40$ years, how much will you have at the end?

a$.$ If you put the $$8,000$ in an account at age $23,$ and withdraw it $50$ years later, how much will you have?

In $50$ years, you will have $ $375212\mathrm{.}90($Round to the nearest cent.$)$

b$.$ If you wait $10$ years before making the deposit, so that it stays in the account for only $40$ years, how much will you have at the end?

In $40$ years, you will have $ $($Round to the nearest cent.$)$