Question: Ty Ngu borrowed $20,000 on July 1, 2005.This amount plus accrued interest at 6% compounded annually is to be repaid on July 1, 2011. How

Ty Ngu borrowed $20,000 on July 1, 2005.This amount plus accrued interest at 6% compounded annually is to be repaid on July 1, 2011. How much will Ty have to repay on July 1, 2011?

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