Discuss what will be the amount of that future repayment


Juno Manufacturing Company has decided to build an expansion of its manufacturing facility that will cost $63,022. It has arranged thru the small business association to borrow $36,281 from Allied Bank at an annual interest rate of 6.27%/yr. It will use money from last year's profits to supply the remainder required. The agreement with the bank is that Juno will not make any repayment the until the end of four years at which time it will pay back the entire principal and accrued interest. Discuss what will be the amount of that future repayment?

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Macroeconomics: Discuss what will be the amount of that future repayment
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