Question

You have to make a balloon payment on your house five years from now of $15,000. If money can earn an average of 6 percent a year for the five-year period, what factor will you use to determine what to deposit now?

Group of answer choices

0.7473

1.3401

1.3382

0.7462

Answer 1

patrick

Explanation:

Patrick Star is an overweight pink starfish who lives under a rock under the sea and is SpongeBob's best friend and sidekick. Patrick has crazy ideas that often get the two into trouble. Like his best friend, Patrick tends to be extremely gullible and clueless (even to SpongeBob's intentions), but remains a very loyal friend.