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13. A land investor owes $350,000 on a loan for a piece of lakefront property. If the interest accrual loan was financed with a 4-year

13. A land investor owes $350,000 on a loan for a piece of lakefront property. If the interest accrual loan was financed with a 4-year term at 7.5% per annum, compounded quarterly, what is the original amount the land investor received? (1) $260,007.63 (2) $334,295.53 (3) $605,751.45 (4) $515,664.57 20 ner annum

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