Question: On October 1 , 2 0 2 2 , ABC borrows $ 2 0 , 0 0 0 from the bank. The loan is to

On October 1,2022, ABC borrows $20,000 from the bank. The loan is to be repaid on March 31,2023.The annual interest rate on the loan is 10%.All interest should be calculated monthly (not daily).
Given this information, what is the total amount that will be repaid to the bank on March 31,2023?
Please enter all amounts as a positive number with no dollar signs or commas. For example, if the answer is $2,100, enter 2100.

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