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find the amount of money owed at the end of four years if 60,000 is well at 5% per year compounded weekly and no payments are made on the loan simplified answer completely assume there 52 weeks in a year

find the amount of money owed at the end of four years if 60,000 is well at 5% per year compounded weekly and no payments are made on the loan simplified answer completely assume there 52 weeks in a year

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Find the amount of money owed at the end of 4 years if $7,300 is borrowed at 6.5% per year compounded quarterly and no payments are made on the loan (Simplify your answer completely Round your answer to the nearest cent.) find the amount of money owed at the end of four years if 60,000 is well at 5% per year compounded weekly and no payments are made on the loan simplified answer completely assume there 52 weeks in a year round answer to the nearest cent
Transcribed Image Text:Find the amount of money owed at the end of 4 years if $7,300 is borrowed at 6.5% per year compounded quarterly and no payments are made on the loan (Simplify your answer completely Round your answer to the nearest cent.) find the amount of money owed at the end of four years if 60,000 is well at 5% per year compounded weekly and no payments are made on the loan simplified answer completely assume there 52 weeks in a year round answer to the nearest cent
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