Question: Integrated Excel Problem 125 (Static) Lee Wills loaned Audrey Chin $16,000 to open Snip its Hair Salon. After 6 years, Audrey will repay Lee with

 Integrated Excel Problem 125 (Static) Lee Wills loaned Audrey Chin $16,000

Integrated Excel Problem 125 (Static) Lee Wills loaned Audrey Chin $16,000 to open Snip its Hair Salon. After 6 years, Audrey will repay Lee with 8% interest compounded quarterly. How much will Lee receive at the end of 6 years? Required: Using the information above answer the following: 1. Period used: 2. Rate used: 3. Factor used: 4. Future value of investment: Navigation: 1. Use the Open Excel in New Tab button to launch this question. 2. When finished in Excel, use the Save and Return to Assignment button in the lower right to return to Connect

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