"Pharoah Curtin borrowed $32,600 on July 1, 2025. This amount plus accrued interest at 7%...
80.2K
Verified Solution
Link Copied!
Question
Accounting
"Pharoah Curtin borrowed $32,600 on July 1, 2025. This amount plus accrued interest at 7% compounded annually is to be repaid on July 1, 2030. Click here to view the factor table. How much will Pharoah have to repay on July 1, 2030? (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round answer to 2 decimal places, e.g. 25.25.) Amount to be repaid on July 1, 2030\t\t $ enter the amount to be repaid on July 1, 2030 in
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!