• anonymous
Can someone check this? Rick deposits $1,000 into an investment account which earns 4% annually. Sally loans$1,000 to a friend, and the friend agrees to pay her $50 each year, and will return the$1,000 after 10 years. Determine the amount of money each person has after 10 years A. Rick: $1,040; Sally:$1,500 B. Rick: $1,453.16; Sally:$1,500 C. Rick: $1,534.32; Sally:$2,000 D. Rick: $1,480.24; Sally:$1,500
Mathematics
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SOLVED
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