Calculate the amount to be paid back on a $20,000 loan with an interest rate of 12% compounded yearly after five years.(1 point)
Responses
$640,000
$640,000
$35,246.83
$35,246.83
$1,030,726
$1,030,726
$51,470
Responses
$640,000
$640,000
$35,246.83
$35,246.83
$1,030,726
$1,030,726
$51,470