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Question 19 (CHAPTER 5) You've just borrowed $6,000 from a friend of yours. Your friend and you agreed that the borrowed amount of money would
Question 19 (CHAPTER 5) You've just borrowed $6,000 from a friend of yours. Your friend and you agreed that the borrowed amount of money would need to be returned in 23 years. The annual interest rate on the loan from your friend is 10.4%. Assuming you're still friends in 23 years, how much will you owe your friend?? (Do NOT use "$" in your answer. Round your answer to TWO decimal places, for example, 1,000.23) Question 19 (CHAPTER 5) You've just borrowed $6,000 from a friend of yours. Your friend and you agreed that the borrowed amount of money would need to be returned in 23 years. The annual interest rate on the loan from your friend is 10.4%. Assuming you're still friends in 23 years, how much will you owe your friend?? (Do NOT use "$" in your answer. Round your answer to TWO decimal places, for example, 1,000.23)
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