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A bank makes an auto loan for $ 3 2 , 0 0 0 at an annual rate of 6 percent. Assuming no repayment is

A bank makes an auto loan for $32,000 at an annual rate of 6 percent. Assuming no repayment is made during the period, after two years the borrower will owe
Multiple Choice
$36,037.
$95,551.
$35,955.
$32,000.

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