At 6% interest, Steve would earn $96 a year if he put the $1600 in the bank.
0.06 * 1600 = 96
What do you think Steve should do?
Barry and Steve are good friends. Barry wants to buy a new computer, but he doesn't have the money for it right now. Barry says he will pay Steve $2000.00 in five years if Steve gives him $1600.00 for the computer today. Steve figures that there is an interest rate of 6% if he were to put the money in a bank instead of lending it to Barry. Assuming that there is no risk of Barry not paying the $2000.00 when he says he will, should Steve go through with the loan or should he put his money in the bank? Explain the answer.
4 answers
He should put the money in the bank.So that he doesnot hafe to make aloan later.
Actually he could earn $2141+ if he put the money in the the bank for 5 years and he would have immediate access to it if he needed it.
Barry is a 45-year-old computer programmer who has never been married and lives with his mother. He spends his evenings and weekends either playing Scrabble with his mother, surfing the Internet or participating in chat rooms. His friend Eddie set him up on a blind date with a woman from his work. Yet Barry forgot the time and showed up so late that his date had already left, thinking she’d been stood up. Barry would like to date her, but is too ashamed to call and apologize for not keeping their date. Until recently, his work had been going really well, but after he missed an important project date, the client withdrew the contract offer.
write a paragraph from a neurobiological perspective
write a paragraph from a neurobiological perspective
1 answer