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1. A friend has asked to borrow some money. Her proposed annual repayment schedule is shown in the table that follows, with the top row

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1. A friend has asked to borrow some money. Her proposed annual repayment schedule is shown in the table that follows, with the top row representing the number of years from the day the loan is made. You believe a 10% interest rate is appropriate, given the risk. How much would you lend to your friend? 0. 1 2. 3. 4 5 $500 $750 $1,000 $1,500 $2.000 Multiple Choice $4,092 $4,365 $4,135 $4.064

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