Whose cash flow is best described by the timeline shown below?
A)Joe, who puts down $3,500 to buy a car, and then makes annual payments of $1,000
B)Harry, who borrows $3,500, and then receives an annual payment of $1,000
C)Karen, who loans a friend $3,500, which friend then pays back the loan in four annual installments of $1,000
D)Leo, who borrows $3,500, and then pays back the loan in four annual payments of $1,000

Question

Whose cash flow is best described by the timeline shown below? 
A)Joe, who puts down $3,500 to buy a car, and then makes annual payments of $1,000 
B)Harry, who borrows $3,500, and then receives an annual payment of $1,000 
C)Karen, who loans a friend $3,500, which friend then pays back the loan in four annual installments of $1,000 
D)Leo, who borrows $3,500, and then pays back the loan in four annual payments of $1,000

Quizplus · Accepted Answer

The Answer of Whose cash flow is best described by the timeline shown below? 
A)Joe, who puts down $3,500 to buy a car, and then makes annual payments of $1,000 
B)Harry, who borrows $3,500, and then receives an annual payment of $1,000 
C)Karen, who loans a friend $3,500, which friend then pays back the loan in four annual installments of $1,000 
D)Leo, who borrows $3,500, and then pays back the loan in four annual payments of $1,000

Whose Cash Flow Is Best Described by the Timeline Shown