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It is 20000*(1.07)^60 = 1158928.54
20,000 + 2(0.05)(20,000) = 22,000
6.000
If the rate is 10% interest on a $20,000 loan for two years, interest will be $4,428.06 if compounded continuously. If compounded annually, it would be $4,200.
20000 - 20000(.10)(5) = $10000 **That is assuming there was no real damage done!