{"id":3109,"date":"2021-06-25T13:17:58","date_gmt":"2021-06-25T17:17:58","guid":{"rendered":"https:\/\/pressbooks.bccampus.ca\/businessmathematics\/?post_type=chapter&#038;p=3109"},"modified":"2021-06-29T19:00:22","modified_gmt":"2021-06-29T23:00:22","slug":"videos-payment-plans-and-making-choices","status":"web-only","type":"chapter","link":"https:\/\/pressbooks.bccampus.ca\/businessmathematics\/chapter\/videos-payment-plans-and-making-choices\/","title":{"raw":"Videos: Payment Plans and Making Choices, Compound","rendered":"Videos: Payment Plans and Making Choices, Compound"},"content":{"raw":"\r\n3. Sagheer received two offers for a property that he is selling. Offer 1 consists of $700,000 immediately and offer 2 consists of $500,000 now and $110,000 per year at the end of the next 2 years. If money earns 6% compounded semi-annually, which offer has a better economic advantage and by how much, in today\u2019s dollars?\r\n\r\n[embed]https:\/\/youtu.be\/eub1kLGphbI[\/embed]\r\n\r\n4. Anna borrowed $1,000 from a local loan shark on January 1, 2010, at j12=24%. On January 1 2012, Anna paid the loan shark $500, and the loan shark agreed to lower the rate to j12=18%.\r\n\r\n(a) How much money will Anna owe as of January 1, 2014?\r\n\r\n(b) If Anna pays the balance, how much interest will she have paid?\r\n\r\n&nbsp;\r\n\r\n[embed]https:\/\/youtu.be\/GQKp-ycbSL8[\/embed]\r\n\r\n&nbsp;","rendered":"<p>3. Sagheer received two offers for a property that he is selling. Offer 1 consists of $700,000 immediately and offer 2 consists of $500,000 now and $110,000 per year at the end of the next 2 years. If money earns 6% compounded semi-annually, which offer has a better economic advantage and by how much, in today\u2019s dollars?<\/p>\n<p><iframe loading=\"lazy\" id=\"oembed-1\" title=\"Business Math Lesson 10: Payment Plans, part 3\" width=\"500\" height=\"375\" src=\"https:\/\/www.youtube.com\/embed\/eub1kLGphbI?feature=oembed&#38;rel=0\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>4. Anna borrowed $1,000 from a local loan shark on January 1, 2010, at j12=24%. On January 1 2012, Anna paid the loan shark $500, and the loan shark agreed to lower the rate to j12=18%.<\/p>\n<p>(a) How much money will Anna owe as of January 1, 2014?<\/p>\n<p>(b) If Anna pays the balance, how much interest will she have paid?<\/p>\n<p>&nbsp;<\/p>\n<p><iframe loading=\"lazy\" id=\"oembed-2\" title=\"Business Math Lesson 10: Payment Plans, part 4\" width=\"500\" height=\"375\" src=\"https:\/\/www.youtube.com\/embed\/GQKp-ycbSL8?feature=oembed&#38;rel=0\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"author":883,"menu_order":7,"template":"","meta":{"pb_show_title":"on","pb_short_title":"","pb_subtitle":"","pb_authors":[],"pb_section_license":""},"chapter-type":[],"contributor":[],"license":[],"class_list":["post-3109","chapter","type-chapter","status-web-only","hentry"],"part":44,"_links":{"self":[{"href":"https:\/\/pressbooks.bccampus.ca\/businessmathematics\/wp-json\/pressbooks\/v2\/chapters\/3109","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pressbooks.bccampus.ca\/businessmathematics\/wp-json\/pressbooks\/v2\/chapters"}],"about":[{"href":"https:\/\/pressbooks.bccampus.ca\/businessmathematics\/wp-json\/wp\/v2\/types\/chapter"}],"author":[{"embeddable":true,"href":"https:\/\/pressbooks.bccampus.ca\/businessmathematics\/wp-json\/wp\/v2\/users\/883"}],"version-history":[{"count":5,"href":"https:\/\/pressbooks.bccampus.ca\/businessmathematics\/wp-json\/pressbooks\/v2\/chapters\/3109\/revisions"}],"predecessor-version":[{"id":3116,"href":"https:\/\/pressbooks.bccampus.ca\/businessmathematics\/wp-json\/pressbooks\/v2\/chapters\/3109\/revisions\/3116"}],"part":[{"href":"https:\/\/pressbooks.bccampus.ca\/businessmathematics\/wp-json\/pressbooks\/v2\/parts\/44"}],"metadata":[{"href":"https:\/\/pressbooks.bccampus.ca\/businessmathematics\/wp-json\/pressbooks\/v2\/chapters\/3109\/metadata\/"}],"wp:attachment":[{"href":"https:\/\/pressbooks.bccampus.ca\/businessmathematics\/wp-json\/wp\/v2\/media?parent=3109"}],"wp:term":[{"taxonomy":"chapter-type","embeddable":true,"href":"https:\/\/pressbooks.bccampus.ca\/businessmathematics\/wp-json\/pressbooks\/v2\/chapter-type?post=3109"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/pressbooks.bccampus.ca\/businessmathematics\/wp-json\/wp\/v2\/contributor?post=3109"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/pressbooks.bccampus.ca\/businessmathematics\/wp-json\/wp\/v2\/license?post=3109"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}