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  3. a bortower had a loan of $40,000,00 ot 4% compound

A bortower had a loan of $40,000,00 ot 4% compounded annually, with 10 annual payments...

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Accounting

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A bortower had a loan of $40,000,00 ot 4% compounded annually, with 10 annual payments Suppose the bongos paid off the foan after 5 years. Calcilate the aenount needed to pay off the loan The arnount needed to pay of this loan after 5 years is 5 (Fround to the nearest cent as needed) What sum deposited todiy at 7% compounded annually for 11 years will provide the same amount as 5700 deposited at the end of each year for 11 years at 9% compounded ansually? What sarn would have to be deposited loday at 7 wh interest corrpounded anrialy? 5 (Round to the nearest cont)

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