A person borrows $35,000 at an interest rate of 9%. He was offered to repay his loan with one of the 3 following methods 1. Pay the accumulated interest at the end of each year and repay the principal at the end of 5 years. 2. Pay equal end of year payments for 5 years 3. Make a single payment of principal and interest at the end of the loan payment. The total amount that will be payed after 5 years including principal and interest for method 1 is. Click to open: o access the spreadsheet, click on the download icon next to the sheet title. A new tab will open next to the test tab and you an go back and forth between the sheet and test tabs. $53,852 $49,991 $50,750 $52,400