On January 1, Yumat Electris borrows $700,000 at an interest rete of 6% loday and will repay this amount by making 20 semiannual payments beginning May 31 , What is the appreaimate amount of to the noarest dollar, A. $35,000 B. $42,000 C. $61,029 D. $47,051 On January 1, Yumat Electris borrows $700,000 at an interest rete of 6% loday and will repay this amount by making 20 semiannual payments beginning May 31 , What is the appreaimate amount of to the noarest dollar, A. $35,000 B. $42,000 C. $61,029 D. $47,051