Question: Use this information for the next 3 questions. Chuck Ponzi has talked an elderly woman into loaning him $ 2 5 , 0 0 0

Use this information for the next 3 questions. Chuck Ponzi has talked an elderly woman into loaning him $25,000 for a new business venture. She has, however, successfully passed a finance class and requires Chuck to sign a binding contract to repay the $25,000 with an annual interest rate of 10% over the next ten years. She has left the method of repayment up to him.
Determine the amount of money paid at maturity if Ponzi chooses a discount loan (one lump sum).

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