document.write( "Question 251881: If the interest is zero, the future value interest factor equals\r
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document.write( "a. -1
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document.write( "b. 0
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document.write( "c. 1
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document.write( "d. 2\r
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document.write( "I choose b.; because according to the future value interest factor table interest starts at 1%. Can you tell me if this is correct? Also if the answer is different can you show solution step by step? \n" );
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Algebra.Com's Answer #183587 by solver91311(24713) You can put this solution on YOUR website! \r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Think about it this way. Let's say you are my REALLY good friend and you are going to loan me $1000 at zero interest for a year. What do I owe you at the end of the year?\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "1000 times -1 = -1000, meaning you owe me ANOTHER $1000\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "1000 times 0 = 0, meaning I owe you nothing\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "1000 times 1 = 1000, meaning I've got to give you your original 1000 back\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "or\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "1000 times 2 = 2000, meaning you actually charged me 100% interest\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "John \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " |