Search for question
Question

3-2 A student borrowed $5000 from her parents and agreed to repay it at the end of 4 years, together with 6% simple interest. (a) How much is repaid? (b)

Do you ever borrow or lend money with family and friends? Given the time value of money, is it ethical not to pay interest? How does the amount or duration of the loan matter?раy

Fig: 1

Fig: 2

Fig: 3