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Oriole Curtin borrowed $32,500 on July 1, 2022. This amount plus accrued interest at 8% compounded annually is to be rep

Posted: Thu May 05, 2022 5:44 am
by answerhappygod
Oriole Curtin borrowed $32,500 on July 1, 2022. This
amount plus accrued interest at 8% compounded annually is to
be repaid on July 1, 2027.

Click here to view the factor table.

(For calculation purposes, use 5 decimal places as
displayed in the factor table provided.)

How much will Oriole have to repay on July 1,
2027? (Round answer to 2 decimal places, e.g.
25.25.)
$enter the amount to be repaid on July 1, 2027 in dollars
rounded to 2 decimal places