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Business, 16.04.2020 04:53 shadow56

Lorna Ray, owner of a Starbucks franchise, loaned $40,000 to Lee Reese to help him open a new flower shop online. Lee plans to

repay Lorna at the end of 5 years with 4% interest compounded semiannually. How much will Lorna receive at the end of 5 years?

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Lorna Ray, owner of a Starbucks franchise, loaned $40,000 to Lee Reese to help him open a new flower...

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