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Lynn Ally, owner of a local Subway shop, loaned $42,000 to Pete Hall to help him open a Subway franchise. Pete plans to repay Lynn
Lynn Ally, owner of a local Subway shop, loaned $42,000 to Pete Hall to help him open a Subway franchise. Pete plans to repay Lynn at the end of 10 years with 6% interest compounded semiannually. How much will Lynn receive at the end of 10 years? (Use the Table provided.) (Do not round intermediate calculations. Round your answer to the nearest cent.) Answer is complete but not entirely correct. $ 75,856.67 x Future value
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Financial Accounting IFRS Principles
Authors: Ilse Lubbe, Goolam Modack, Shelly Herbert
5th Edition
0190746920, 978-0190746926
