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You plan to borrow $ 3 comma 000$3,000 from a bank. In exchange for $ 3 comma 000$3,000 ​today, you promise to pay $ 3 comma 210$3,210 in one year. What does the cash flow timeline look like from your​ perspective? What does it look like from the​ bank's perspective? What does the cash flow timeline look like from your​ perspective? ​(Select the best choice​ below.)

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jepessoa

Answer:

There are no options included in the question, but the answers should include something like:

cash flow timeline from my perspective:

today (or year 0)                       $3,000

year 1                                         -$3,210

cash flow timeline from the bank's perspective:

today (or year 0)                      -$3,000

year 1                                          $3,210

Today (year 0) you will receive $3,000, so your cash inflow will be $3,000. On the other hand, the bank will give you the money, so they have a cash outflow of -$3,000.

In one year when you payback the loan, your cash outflow will be -$3,210, but the bank's cash inflow will be $3,210.

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