Multiple Choice
Suppose you borrow $95.24 for one year at 5% and invest $95.24 for two years at 7%. For the time period beginning one year from today, you have: (approximately)
A) Borrowed at 7%
B) Invested at 7%
C) Borrowed at 9%
D) Invested at 9%
Correct Answer:
Verified
Correct Answer:
Verified
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