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Cindy wants to buy a health food company. She can sell $20,000 in stock to a friend. The Shark Tank venture capitalists will loan her

Cindy wants to buy a health food company. She can sell $20,000 in stock to a friend. The Shark Tank venture capitalists will loan her money at 8% for 10 years with annual payments. The most Cindy can afford is $25,000 a year in payments. The sale price for the company is $188,250. Can Cindy afford to buy the company?

Yes; she will have exactly $188,250

No; she will have about $167,752

No; she will have about $187,752

Yes, she will have just over $188,752

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