Question 1 (Mandatory) (8 points) Till Ley took out a loan for $60.000 to pay for her child's education. The loan would be repaid at the end of eight years in one payment with interest of 6%. The total amount Jill has to pay back at the end of the loan using simple interest is: S88.800 $28.800 None of these S88,008 $80.800