To help with their student living expenses next year, Jim and Jane each received $8,000 cash from their bank on May 5, 2021. Both loans are to be paid back with one payment made on November 13, 2021. Janes bank charges interest using exact interest and r = 4%, while Jims bank uses the Bankers Rule (ordinary interest) and r = 5%. How much will each of them be required to pay their respective banks on November 13th ?

please write every single step i order for me to understand the answer