Question: You're borrowing $6,000 for 4 Years with a stated simple interest annual interest rate of 8.5%. How much will be the total payback for

You're borrowing $6,000 for 4 Years with a stated simple interest annual

You're borrowing $6,000 for 4 Years with a stated simple interest annual interest rate of 8.5%. How much will be the total payback for this loan? $8,040 $26,000 O $7,530 $7,296

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