The definition of interest cou

The definition of interest could be:

Select one:

The price of renting your money

b. The difference between future and present value

c. What you earn when you let people to borrow your money

d. All above mentioned

An engineer purchased a software for $5,000 now and annual
payments of $500 per year for 6 years starting 3 years from now for
annual upgrades ; the present worth at i=8% equal to:

Select one:

a. $6981.6

b. $5400

c. $6200

d. $8200

In the cash flow diagram, revenues or receipts are represented
by upward-pointing arrows and disbursements or payments are
represented by downward-pointing arrows.

Select one:



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