Bramble Curtin borrowed $36,000 on July 1, 2020. 

This amount plus accrued interest at 9% compounded annually is to be repaid on July 1, 2025.

How much will Bramble have to repay on July 1, 2025?

 

TABLE 1 Future Value of 1 (n) Periods 4% 5% 6% 10% 12% 0 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1 1.04000 1.05000 1.06000 1.07000 1.08000 1.09000 1.10000 1.11000 1.12000 1.15000 2 1.08160 1.32250 3 1.12486 1.15763 1.10250 1.12360 1.14490 1.16640 1.18810 1.21000 1.23210 1.25440 1.19102 1.22504 1.25971 1.29503 1.33100 1.36763 1.40493 1.52088 1.16986 1.21551 1.26248 1.31080 1.36049 1.41158 1.46410 1.51807 1.57352 1.21665 1.27628 1.33823 1.40255 1.46933 1.53862 1.61051 1.68506 1.76234 1.26532 1.34010 1.41852 1.50073 1.58687 1.67710 1.77156 1.87041 1.97382 1.74901 2.01136 1.31593 1.40710 1.50363 2.07616 2.21068 1.60578 1.71382 1.82804 1.94872 1.71819 1.85093 1.99256 2.14359 2.30454 2.47596 1.36857 1.47746 3.05902 1.42331 1.55133 1.68948 1.83846 1.99900 2.17189 2.35795 2.55803 2.77308 3.51788 2.15892 2.36736 2.59374 2.83942 3.10585 4.04556 1.48024 1.62889 1.79085 1.96715 1.53945 1.71034 1.89830 2.10485 2.33164 5.35025 1.66507 1.88565 2.13293 6.15279 2.58043 2.85312 3.15176 3.47855 4.65239 1.60103 1.79586 2.01220 2.25219 2.51817 2.81267 3.13843 3.49845 3.89598 2.40985 2.71962 3.06581 3.45227 3.88328 4.36349 1.97993 2.26090 2.57853 2.93719 3.34173 3.79750 4.31044 4.88711 7.07571 3.64248 4.17725 4.78459 5.47357 4.59497 5.31089 6.13039 1.73168 1.80094 2.07893 1.87298 2.18287 2.54035 2.95216 3.97031 1.94790 2.29202 2.69277 2.39656 2.75903 3.17217 3.42594 3.15882 3.70002 4.32763 5.05447 5.89509 6.86604 3.37993 3.99602 4.71712 5.55992 6.54355 7.68997 6.11591 7.26334 8.61276 2.02582 2.40662 2.85434 2.10685 2.52695 3.02560 3.61653 4.31570 5.14166 3.20714 3.86968 4.66096 5.60441 6.72750 2.19112 2.65330 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 1.59385 7% 8% 9% 11% 15% 2.31306 2.66002 8.13706 9.35762 10.76126 12.37545 14.23177 8.06231 9.64629 16.36654