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NemiM [27]
2 years ago
12

Anne Katz, the owner of Katz Sport Shop, lends $8,000 to Shelley Slater to help her open an art shop. Shelley plans to repay Ann

e at the end of eight years with interest compounded semiannually at 8%. At the end of eight years, Anne will receive (use the tables in the handbook):
$14,984
$16,857
$16,587
$14,484
None of these
Mathematics
2 answers:
Eduardwww [97]2 years ago
8 0
There is $8000 that need to be paid back in 8 years semiannually (twice a year)
so 16 times each time it is 8% which is $640 so multiply 16 by 640 and you will get $10240 which should be including the $8000 and interest.<span />
strojnjashka [21]2 years ago
5 0
I think it is the second one if I'm correct which probably I'm am wrong so don't take my word but if you want to

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