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please use any needed future or present values needed from tables provided Anvil Inc. borrowed $16,000 from Star Bank and agreed to repay the loan
please use any needed future or present values needed from tables provided
Anvil Inc. borrowed $16,000 from Star Bank and agreed to repay the loan as a lump sum in six years. The payment will include both principal and interest. The interest rate on the loan is 20% compounded quarterly. Calculate the amount that Anvil will pay to Star Bank when the loan matures in six years. You will need to use the time value of money table factors posted in carmen to answer this question. To access these factors, click modules and then scroll to week 12. Click on the link labeled present \& future value table factors. No credit will be awarded for this question using a means other than these posted table factors to answer this question. Future Value of an Annuitv Present Value of an Annuity Future Value of a Lump-SumStep by Step Solution
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