Question: 1 Morgan borrowed $8700 at 7% for 5 years compounded quarterly What is the compound amount (Future Value) of the loan and how much

1 Morgan borrowed $8700 at 7% for 5 years compounded quarterly What

1 Morgan borrowed $8700 at 7% for 5 years compounded quarterly What is the compound amount (Future Value) of the loan and how much interest will she pay on the loan? Use a TVM Solver to answer the question State the values used for calculations Type "0" (Zero) if that variable was not used Round all decimals to 3 decimal places for the table n = 1% = PV= PMT FV= 00000 Answer the questions Round final answers to the nearest cent All answers should be positive Compound amount $ Compound interest S

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