Question: Compute the specified quantity. You take out a 4 month, $4,000 loan at 8% annual simple interest. How much would you owe at the end

Compute the specified quantity.

You take out a 4 month, $4,000 loan at 8% annual simple interest. How much would you owe at the end of the 4 months (in dollars)? (Round your answer to the nearest cent.)

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