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

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?

1 Answer

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…

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

Please log in or register to add a comment.

Related questions

Categories

Other Questions