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You buy a house from your brother and sign a promissory note for the $25,000 down payment. The note is due in two years with
You buy a house from your brother and sign a promissory note for the $25,000 down payment. The note is due in two years with an interest rate of 1.25%. You decide to pay off the down payment early, in one year. What amount will settle the debt if money can earn 0.75% ? A. $25,834.24 B. $25,436.24 C. $25,434.24 D. $25,449.24 E. $25,458.24
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