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4 (1 point) TVM Question: A student takes out a $20,000 loan. The loan has an annual interest rate of 6%, with interest compounded ANNUALLY.

4 (1 point) TVM Question: A student takes out a $20,000 loan. The loan has an annual interest rate of 6%, with interest compounded ANNUALLY. Both the principal and interest will be repaid when the loan comes due in 5 years. How much in total will the student owe when the loan comes due? $26,765 $14,945 $23,185.48 $26,878.33

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