Someone you know needs loan and she is willing to pay you back 16 000 in exactly 7 years If you d like to earn 4 9 compounded

Question

Someone you know needs loan and she is willing to pay you back 16 000 in exactly 7 years If you d like to earn 4 9 compounded annually on this loan how much you be willing to loan her today Round to the nearest dollar

Kunduz · Accepted Answer

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