you borrow $100,000 to be paid annually over the next ten years. The annual interest rate is 6%, and you make all the payments on time. How much interest will you pay over the life of the loan

Question 13: You borrow $100,000 to be paid annually over the next ten years. The annual interest rate is 6%, and you make all the payments on time. How much interest will you pay over the life of the loan? (1 Point) $10,000 $11,945 $23,587 $35,868 None of the above is correct