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

Question

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

Quizplus · Accepted Answer

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

The Timeline Shown Below Best Describes the Cash Flow of Which