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Andy Finley borrowed $32,300 on July 1, 2015. This amount plus accrued interest at 8% compounded annually is to be repaid on July 1, 2020.
Andy Finley borrowed $32,300 on July 1, 2015. This amount plus accrued interest at 8% compounded annually is to be repaid on July 1, 2020. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) How much will Andy have to repay on July 1, 2020? (Round answer to 2 decimal places, e.g. 25.25.) Amount to be repaid on July 1, 2020 &
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