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An individual starts a babysiting business with a loan of $1,000. The loan is for 2 years at a 5% COMPOUND interest rate. How much will the individual owe by the end of the loan assuming nothing is paid until the end of the 2 year term (future value of loan)? CertPREP mMEiax An individual starts a babysiting business with a loan of $1,000. The loan is for 2 years at a 5% COMPOUND interest rate. How much will the individual owe by the end of the loan assuming nothing is paid until the end of the 2 year term (future value of loan)? CertPREP mMEiax