How much does she owe after 40 years if she still hasnot


Nancy borrowed $12000 from her parents at the end of each year for 40 years. She promised to pay 11.5 percent annual interest each time she borrowed. How much does she owe after 40 years if she still hasnot repaid any of the borrowed money?

 

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Financial Management: How much does she owe after 40 years if she still hasnot
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