21. Fast Corporation recently borrowed $625,000 from its bank at a simple interest rate of 14 percent. The loan is for 10 months and, according to the loan agreement, the interest should be added to the amount borrowed and the total amount to be repaid in monthly installments. The loan's monthly payments and the annual percentage rate (APR) are, respectively: a. $65,677.56 and 26.23%. b. $69,791.67 and 28.00%. C. $67,245.75 and 28.00%. d, $67,245.75 and 24.23%. e, $69,791.67 and 22.75%