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Nancy Houser has a debt of $1,500 for books and supplies at Kens Bookstore. She doesnt want her parent to know about her debt. Kens
Nancy Houser has a debt of $1,500 for books and supplies at Kens Bookstore. She doesnt want her parent to know about her debt. Kens Bookstore tells her that she can pay the debt in one of two ways: Alternative A: Pay $500 now and $1,200 in five years Alternative B: Pay $2,000 in five years Assuming that the interest rate to her is 12%, which alternative should she choose? Please specify whether you choose alternative A or B writing only the capital letter in the space provided. _________
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