Question: Compute the specified quantity.You take out a 5 month, $4,000 loan at 8% annual simple interest. How much would you owe at the end of

Compute the specified quantity.You take out a 5 month, $4,000 loan at 8% annual simple interest. How much would you owe at the end of the 5 months (in dollars)? (Round your answer to the nearest cent.

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