Question
Hugh Curtin borrowed $35,100 on July 1, 2017. This amount plus accrued interest at 4% compounded annually is to be repaid on July 1, 2022.
Hugh Curtin borrowed $35,100 on July 1, 2017. This amount plus accrued interest at 4% compounded annually is to be repaid on July 1, 2022.
(For calculation purposes, use 5 decimal places as displayed in the factor table provided.) How much will Hugh have to repay on July 1, 2022? (Round answer to 2 decimal places, e.g. 25.25.)
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Introductory Accounting Finance And Auditing For Lawyers
Authors: Lawrence Cunningham
7th Edition
1634604105, 9781634604109
