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Hugh Curtin borrowed $39,500 on July 1, 2017. This amount plus accrued interest at 7% compounded annually is to be repaid on July 1,2022 Click

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Hugh Curtin borrowed $39,500 on July 1, 2017. This amount plus accrued interest at 7% compounded annually is to be repaid on July 1,2022 Click here to view the factor table (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) How much will Hugh have to repay on July 1, 2022? (Round answer to 2 decimal places, eg. 25.25.) Amount to be repaid on July 1, 2022

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