Suppose that you are obtaining a personal loan from your uncle in the amount of 39 000 now to be repaid in four years to cover

Question

Suppose that you are obtaining a personal loan from your uncle in the amount of 39 000 now to be repaid in four years to cover some of your college expenses If your uncle usually earns 11 interest annually on his money which nvested in various sources what minimum lump sum payment four years from now would make your uncle happy Click the icon to view the interest factors for discrete compounding when i 11 per year The minimum lump sum payment four years from now should be Round to the nearest dollar

Kunduz · Accepted Answer

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