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Lynn Ally, owner of a local Subway shop, loaned $44,000 to Pete Hall to help him open a Subway franchise. Pete plans to repay Lynn at the end of 8 years with 10% interest compou…

Lynn Ally, owner of a local Subway shop, loaned $44,000 to Pete Hall to help him open a Subway franchise. Pete plans to repay Lynn at the end of 8 years with 10% interest compou…
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Lynn Ally, owner of a local Subway shop, loaned $44,000 to Pete Hall to help him open a Subway franchise. Pete plans to repay Lynn at the end of 8 years with 10% interest compounded semiannually. How much will Lynn receive at the end of 8 years?

User Ekad
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User Hoodaticus
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