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Highland Enterprises has a 5-year, interest-only loan with an APR of 12 percent. The firm originally borrowed $335,000. How much will the firm pay in

Highland Enterprises has a 5-year, interest-only loan with an APR of 12 percent. The firm originally borrowed $335,000. How much will the firm pay in total interest over the life of the loan?

a. $201,000

b. $226,616

c. $239,000

d. $245,500

e. $255,384

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