Lynn ally owner of a local subway shop loaned 42000 to pete


Lynn Ally, owner of a local Subway shop, loaned $42,000 to Pete Hall to help him open a Subway franchise. Pete plans to repay Lynn at the end of 10 years with 6% interest compounded semi annually.

How much will Lynn receive at the end of 10 years?

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Financial Management: Lynn ally owner of a local subway shop loaned 42000 to pete
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