One time business investment
posted by allen .
Bobbie Rae is lending Tommy Lee $4,500 to open up a bait shop at one of the nearby lakes. Tommy Lee says he will repay Bobbie Rae at the end of 4 years with 7% interest compounded quarterly. How much will Bobbie Rae receive at the end of the 4 years? Hint: Treat this like a one time investment problem.
Respond to this Question
Similar Questions

Readings
Has anyone ever read Native Speaker by Change Rae Lee. 
Business
Lee purchased an automobile for $17,000 with a 16.0% APR for 78 months. Lee pays off the loan in 30 months. How much interest will Lee receive? 
English Grammar
Correct these sentences, if necessary! 2) Tommy Boy acted like a child and was treated like a child. 4) Tommy Callahan was a simple guy and nothing seemed to go his way 6)The movie is about Tommy Boy a college graduate that has to … 
Math
Lee Holmes deposited $15,000 in a new savings account at 9% interest compounded semiannually. At the beginning of year 4, Lee deposits an additional $40,000 at 9% intrest compounded semiannually. At the end of 6 years, what is the … 
MATH HOMEWORK HELP PLEASE ANSWER
Lee Holmes deposited $15,000 in a new savings account at 9% interest compounded semiannually. At the beginning of year 4, Lee deposits an additional $40,000 at 9% intrest compounded semiannually. At the end of 6 years, what is the … 
Business Math
Lee Holmes deposited $ 15,000 in a new savings account at 9% interest compounded semiannually, At the beginning of year 4, Lee deposites an additional $40000 at 9% interest compounded semiannually. At the end of the 6 years what is … 
Business Math
Lee Willis loaned Audrey Chin $16000 to open Snip Its Hair Salon. After 6 years, Audrey will repay Lee with 8% interest compounded quartly. How much will Lee receive at the end of 6 years? 
Business Math
1. Lee Holmes deposited $16,700 in a new savings account at 6% interest compounded semiannually. At the beginning of year 4, Lee deposits an additional $41,700 at 6% interest compounded semiannually. At the end of year 6, what is the … 
what does this mean?
This is business law class, the question is An employee of a selfservice liquor store watched Lee pick up two bottles of cognac worth $25 each. Lee concealed one of the bottles in his pants and held the other in his hand. When approached … 
quantitative reasoning
lee willis needs to save $16,000 to open up a hair salon in 5 years. what lump sum must Lee deposit today in order to have $16,000 in 5 years?