an investor is interested in a company and offers a loan at 6% compounded annually....
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an investor is interested in a company and offers a loan at 6% compounded annually. the investor is willing to wait two years before being repaid. After two years, increased sales allow the company to accumulate significant savings, and 80,000 is used to pay off the entire debt to the investor. a. what is intial loan? b. what is the accumulated interest? c. what is the time to reach $100k of debt? d. what is the loan accumlation of compounded monthly? please provide the step!
a. what is intial loan?
b. what is the accumulated interest?
c. what is the time to reach $100k of debt?
d. what is the loan accumlation of compounded monthly?
please provide the step!
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