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Question Help wasup Corp. is thinking of borrowing $110,000 from its bank at 8% annual interest rate. The amount that will be repaid is $149,654.
Question Help wasup Corp. is thinking of borrowing $110,000 from its bank at 8% annual interest rate. The amount that will be repaid is $149,654. Assume annual compounding In approximately how many years will Wasup Corp. need to repay the loan? Use the future value of $1 factor table shown below Excerpt of Future Value of $1 Table Periods 7% 1.07000 1.14490 1.22504 1.31080 1.40255 1.50073 8% 1.08000 1.16640 1.25971 1.36049 1.46933 1.58687 9% 1.09000 1.18810 1.29503 1.41158 1.53862 1.67710 O A. 3 years O B. 6 years O C. 5 years OD, 4 years Click to select your answer Question He is $149,654. Assume annual compounding. In approximately how m any years will Wasup Corp. need to repay th loan? Use the future value of $1 factor table shown below Excerpt of Future Value of $1 Table Periods 796 1.07000 1.14490 1.22504 1.31080 1.40255 1.50073 1.60578 8% 1.08000 1.16640 1.25971 1.36049 1.46933 1.58687 1.71382 9% 1.09000 1.18810 1.29503 1.41158 1.53862 1.67710 1.82804 6 O A. 3 years O B. 6 years O C. 5 years O D. 4 years
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