Question: Example 2: Igor went to his local loan shark (which is a person you do not want to borrow money from), for a $5000 loan

Example 2: Igor went to his local loan shark (which is a person you do not want to borrow money from), for a $5000 loan that he said he could pay back with interest, the following week. The loan was given at 20% interest compounded weekly (yes, they do that). Igor got detained (temporarily jailed for cheating on a math test) and was unable to make the payment for one year. Exercise 2: What does Igor now owe after the 52 weeks? Please show your work below

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