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Origination Fees. Jack needs to borrow $1,400 for one year. Bank South will give him the loan at 8%. SunCoast Bank will give him the

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Origination Fees. Jack needs to borrow $1,400 for one year. Bank South will give him the loan at 8%. SunCoast Bank will give him the loan at 5% with a $63 loan origination fee. First National will give him the loan at 4% with a $32 loan origination fee. Determine the total interest and fees Jack will be charged in each case. Which loan should Jack choose? If Jack takes the loan at Bank South, the amount of total interest and fees is $. (Round to the nearest cent.) If Jack takes the loan at SunCoast Bank, the amount of total interest and fees iss] (Round to the nearest cont.) If Jack takes the loan at First National, the amount of total interest and fees is S. (Round to the nearest cent) Which loan should Jack choose? (Select the best answer below.) O A. Jack should choose the loan at Bank South O B. Jack should choose the loan at First National O C. Jack should choose the loan at SunCoast Bank

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