Do Homework - Alex Ray - Microsoft Edge A https://www.mathxl.com/Student/Player Homework.aspx?homeworkld=555190742&questionid=4&flushed-true&cld=5872956¢erwinyes Spring 2020 Traditional Section Alex Ray 01/31/20 8:37 PM vorki Chapter 4 Homework Homework: Chapter 4 Homework Save vertroue D 9 of 12 (3 complete) HW Score: 19.44%, 2.33 of 12 pts Score: 0 of 1 pt P4-18 (similar to) o her mat, 2010 Question Help Discount loan (interest and principal at maturity). Chuck Ponzi has talked an elderly woman into loaning him $40,000 for a new business venture. She has, however, successfully passed a finance class and requires Chuck to sign a binding contract on repayment of the S40,000 with an annual interest rate of 8% over the next 20 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 receive at the end of years 1 through 19? SU (Round to the nearest cent.) Enter your answer in the answer box and then click Check Answer 1 part Clear All I remaining Check Answer 8:37 PM 1/31/2020