Ann takes out a loan for her college tuition from a bank that charges simple interest at an annual rate of 6.4%. Her loan is for $5300 for 10 months. Assume of a year. Answer each part below. 12 each month is Do not round any intermediate computations, and round your final answers to the nearest cent. If necessary, refer to the list of financial formulas. (a) Find the interest that will be owed after 10 months. (b) Assuming Ann doesn't make any payments, find the amount owed after 10 months.

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