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How much will daniella receive at the end of eight years

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Problem 1: Daniella, owner of a local Subway shop, loaned $50,000 to Pete Hall to help him open a Subway franchise. Pete plans to repay Daniella at the end of 8 years with 6% interest compounded semiannually. How much will Daniella receive at the end of 8 years?

Reference no: EM132833132

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