IMPORTANT! Show all your work where appropriate. No credit can be given ifyou dont show your logic/calculations.

2. 5 Points $20,000.00 borrowed today for 2 years at 5% Compound Interest will result in how much total interest at the end of Year 2? a) S2000.00 b) S2050.00 c) S20,000.00 d) $22,000.00