The timeline shown below best describes the cash flow of which of the following people?
A)Joe,who puts down $3500 to buy a car,and then makes annual payments of $1000
B)Harry,who borrows $3500,and then receives an annual payment of $1000
C)Karen,who loans a friend $3500,which the friend then pays back in four annual installments of $1000
D)Leo,who borrows $3500,and then pays back the loan in four annual payments of $1000
E)Michelle,who contributes $3500 to an RRSP and makes four annual contributions of $1000

Question

The timeline shown below best describes the cash flow of which of the following people? 
A)Joe,who puts down $3500 to buy a car,and then makes annual payments of $1000 
B)Harry,who borrows $3500,and then receives an annual payment of $1000 
C)Karen,who loans a friend $3500,which the friend then pays back in four annual installments of $1000 
D)Leo,who borrows $3500,and then pays back the loan in four annual payments of $1000 
E)Michelle,who contributes $3500 to an RRSP and makes four annual contributions of $1000

Quizplus · Accepted Answer

The Answer of The timeline shown below best describes the cash flow of which of the following people? 
A)Joe,who puts down $3500 to buy a car,and then makes annual payments of $1000 
B)Harry,who borrows $3500,and then receives an annual payment of $1000 
C)Karen,who loans a friend $3500,which the friend then pays back in four annual installments of $1000 
D)Leo,who borrows $3500,and then pays back the loan in four annual payments of $1000 
E)Michelle,who contributes $3500 to an RRSP and makes four annual contributions of $1000

The Timeline Shown Below Best Describes the Cash Flow of Which