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Discount loan interest and principal at maturity). Chuck Ponzi has taked an elderly woman into loaning him $10,000 for a new business venture. She has,

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Discount loan interest and principal at maturity). Chuck Ponzi has taked an elderly woman into loaning him $10,000 for a new business venture. She has, however, successfully passed a finance dass and requires Chuck to sign a binding contract on repayment of the $10,000 with an annual interest rate of 6% over the next 15 years. Determine the cash flow to the woman under a discount loan in which Ponzi will have a lump sum payment at the end of the contract What is the amount of payment that the woman will rective at the end of years through 14? (Round to the nearest cent)

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