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Lynn Ally, owner of a local Subway shop, loaned $42,000 to Pete Hall to help...

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Accounting

Lynn Ally, owner of a local Subway shop, loaned $42,000 to Pete Hall to help him open a Subway franchise. Pete plans to repay Lynn at the end of 10 years with 6% interest compounded semiannually. How much will Lynn receive at the end of 10 years? (Use the Table provided.) (Do not round intermediate calculations. Round your answer to the nearest cent.) Answer is complete but not entirely correct. $ 75,856.67 x Future value
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Lynn Ally, owner of a local Subway shop, loaned $42,000 to Pete Hall to help him open a Subway franchise, Pete plans to repay Lynn at the end of 10 years with 6% interest compounded semiannually. How much will Lynn receive at the end of 10 years? (Use the Table provided.) (Do not round intermediate calculations. Round your answer to the nearest cent.)

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