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Suppose you borrow $5400 for a term of eight years at simple interest and 3.78% APR. How much interest must you pay on the loan?

Suppose you borrow $5400 for a term of eight years at simple interest and 3.78% APR. How much interest must you pay on the loan? OA. $163.30 OB. $7032.96 O C. $5604.12 OD. $204.13 O E $1632.96

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