![beesbutterflyqueen](/avatars/41545.jpg)
beesbutterflyqueen
15.07.2020 •
Business
Suppose Maria's parents want to pay for her undergraduate education at Bard College, which is a small liberal arts school in Upstate New York. Suppose that tuition costs $35,000 for the 1st year. Maria's parents are willing to pay up to $40,000 for the 1st year of tuition. Maria's parents have $35,000 in an FDIC insured certificate of deposit (CD) that contractually pays 5% over the course of the next year. Another bank will give Maria's parents a $35,000 student loan at 3% interest with no money down. The loan is only for 1 year and the interest payment and principal payment are due at the end of the year. Instructions: Use the information in the preface to answer the following questions in an essay format:
1) Should Maria's parents take out a student loan, or should they pay the tuition with the balance in their bank account?
2) Is there any risk or variability in the outcomes of their decision? Explain your reasoning.
Solved
Show answers
More tips
- H Health and Medicine How to Choose the Right Tanning Cream?...
- C Computers and Internet How to Download Movies from Torrents?...
- S Style and Beauty How to Sew Harem Pants?...
- C Computers and Internet Е-head: How it Simplifies Life for Users?...
- F Family and Home How to Choose the Best Diapers for Your Baby?...
- F Family and Home Parquet or laminate, which is better?...
- L Leisure and Entertainment How to Properly Wind Fishing Line onto a Reel?...
- L Leisure and Entertainment How to Make a Paper Boat in Simple Steps...
- T Travel and tourism Maldives Adventures: What is the Best Season to Visit the Luxurious Beaches?...
- H Health and Medicine Kinesiology: What is it and How Does it Work?...
Answers on questions: Business
- B Business TIME REMAINING 50:38 Which of these organisms have no seeds and no specialized tissues? sequoia trees orange trees club moss liverworts...
- H Health What causes chronic strains?...
- B Business • How do consumers use utility (the utility or purpose of a product) to determine what they are willing to pay for the product?...
- M Mathematics Solve xy − 9 = k for x. I WILL MARK BRAILIEST...
- M Mathematics What is the next number of the pattern 2,6,18,54...
- M Mathematics The exam in a course consists of 25 true/false questions, each worth two points, 35 multiple-choice questions, each worth one point, and 5 fill-in-the-blank questions, each...
- P Physics How do I solve for force and acceleration?...
- M Mathematics a jetliner uses 3600 gallons of fuel per hour while its cruising and there are 15,000 gallons of fuel in the jetliners fuel tank when it begins to cruise, if y represents...
- M Mathematics How would you know if the value of x that you got satisfies each equation? For grade9 student...
- B Business How does the FLSA help ensure that businesses follow fair labor practices? (1 point)...
Ответ:
I dont know the answer im just saying this so I can come back to it when there is an answer
Explanation: