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? (Use the Table provided.) (Do not round intermediate calculations. Round your answer to the nearest cent.)

The amount of money Lee would receive at the end of 6 years is $25,735.

The formula that can be used to determine the amount of money that Lee would receive at the end of 6 years is:

FV = P (1 + r)^nm

$16,000 x (1.02)^24 = $25,735

To learn more about future value, please check: link

$25734.4

Step-by-step explanation:

The following information can be gotten from the question:

Amount loaned = $16000

Time = 6 years

Interest rate = 8%

We then calculate the number of period that'll be used to repay the loan. It should be noted that the interest is compounded quarterly This will be:

= 4 × 6

= 24 periods

Rate per period annually will be:

= 8%/4

= 2%

The future table value will give a value of 1.6084 which will then be multiplied by $16,000 to get our answer. This will be:

= 1.6084 × $16,000

= $25734.4

the quotient is 4x^2 - 27x + 167 with a remainder of -996

step-by-step explanation:

in synthetic division, use -6 as the divisor and use the coefficients {4, -3, 5, 6}:

-6     )   4     -3     5     6

                -24   162 -1002

          4   -27   167   -996

thus, the quotient is 4x^2 - 27x + 167 with a remainder of -996.

note:   your "4x°-3x+5x+6" is ambiguous / incomplete.   i had to assume that you meant '4x^3 - 3x^2 + 5x + 6."

$113.42

i hope that is right.

step-by-step explanation: