Multiple Choice
-Harrison Marshall borrowed $65,000 on June 1, 2009. This amount plus accrued interest at 8% compounded annually is to be repaid on June 1, 2022. Harrison has obtained the following values related to the time value of money to help him with his financing process and compounded interest decisions. 
To the closest dollar, how much will Harrison have to repay on June 1, 2022?
A) $132,600
B) $310,707
C) $116,375
D) $176,775
Correct Answer:
Verified
Correct Answer:
Verified
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