Ask Question
29 December, 02:36

Suppose that, to cover some of your college expenses, you are obtaining a personal loan from you uncle in the amount of $25,000 (now) to be repaid in two years. if your uncle could earn 8% interest (compounded annually) on his money invested in various sources, what minimum lump-sum payment two years from now would you make your uncle happy economically?

+2
Answers (1)
  1. 29 December, 03:04
    0
    I believe the answer should be $29,160
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Suppose that, to cover some of your college expenses, you are obtaining a personal loan from you uncle in the amount of $25,000 (now) to be ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers