Kathy Crag, the owner of The Fabric Corner, lent $15,000 to Dani Flynn to open her own card shop.
Dani plans to repay Kathy at the end of 12 years with 8% interest compounded quarterly.
How much will Kathy receive at the end of 12 years?
Kathy Crag, the owner of The Fabric Corner, lent $15,000 to Dani Flynn to open her own card shop.
Dani plans to repay Kathy at the end of 12 years with 8% interest compounded quarterly.
How much will Kathy receive at the end of 12 years?