Andy Finley borrowed $35,000 on July 1, 2015. This amount plus accrued interest at 8% compounded annually

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Andy Finley borrowed $35,000 on July 1, 2015. This amount plus accrued interest at 8% compounded annually is to be repaid on July 1, 2020. How much will Andy have to repay on July 1, 2020?

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Financial Accounting

ISBN: 9781118334324

9th Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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Question Posted: Feb 17, 2014 11:15 AM

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Andy Finley borrowed $35,000 on July 1, 2015. This amount plus accrued interest at 8% compounded annually

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Financial Accounting

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