How much will one have to repay on given date


Hugh Curtin borrowed $34,000 on July 1, 2012. This amount plus accrued interest at 9% compounded annually is to be repaid on July 1, 2017. How much will Hugh have to repay on July 1, 2017?

Solution Preview :

Prepared by a verified Expert
Finance Basics: How much will one have to repay on given date
Reference No:- TGS0558118

Now Priced at $5 (50% Discount)

Recommended (96%)

Rated (4.8/5)