Question: NO EXCEL OR TABLES PLEASE. Formulas must be shown and used. Please show work. multiple choice. 5 Points $20,000.00 borrowed today for 2 years at

NO EXCEL OR TABLES PLEASE. Formulas must be shown and used. Please show work. multiple choice. 5 Points $20,000.00 borrowed today for 2 years at 5% Compound Interest will result in how much total interest at the end of Year 2? a) $2000.00 b) $2050.00 c) $20,000.00 d) $22,000.00

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