Question: Charles Wilson borrowed $ 3 1 , 7 0 0 on July 1 , 2 0 2 2 . This amount plus accrued interest at

Charles Wilson borrowed $31,700 on July 1,2022. This amount plus accrued interest at 5% compounded annually is to be repaid on July 1,2027. How much will Charles have to repay on July 1,2027?

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