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You borrow $20,000 today at 6% interest rate (compounded annually) for 5 years. You agree to pay back everything including principle and interests at the

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You borrow $20,000 today at 6% interest rate (compounded annually) for 5 years. You agree to pay back everything including principle and interests at the end of the 5-th year. What is the interest you paid at the end of the 5-th year? $6,764.51 C$5,976.64 C$5,976.64 C$6,415.33 C$6,525.63

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