Lyn borrows #4165 for 4 years at 5% simple interest. The accumulated amount at the end of year 4 isRound your answer to 2 decimal places.

Computation of future value :- = (Present value * Present Value Annuity Factor @ 5% for 4 year)…

Answered: Lyn borrows #4165 for 4 years at 5%…

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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Lyn borrows #4165 for 4 years at 5% simple interest. The accumulated amount at the end of year 4 is Round your answer to 2 decimal places.