How much will jane receive at the end of seven years

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Jane Joy, owner of The Clock Shop, loaned $12,000 to Carol Miller to help her open an art shop. Carol plans to repay Jane at the end of seven years with 6% interest compounded quarterly. How much will Jane receive at the end of seven years?

  • Rate per period:
  • Number of periods:
  • Table used:
  • Table value:

Reference no: EM133143965

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