Suppose you borrow $95.24 for one year at 5 percent and invest $95.24 for two years at 7 percent. For the time period beginning one year from today, you have
A)borrowed at 7 percent.
B)invested at 7 percent.
C)borrowed at 9 percent.
D)invested at 9 percent.

Question

Quizplus · Accepted Answer

The Answer of Suppose you borrow $95.24 for one year at 5 percent and invest $95.24 for two years at 7 percent. For the time period beginning one year from today, you have
A)borrowed at 7 percent.
B)invested at 7 percent.
C)borrowed at 9 percent.
D)invested at 9 percent.

Suppose You Borrow $95