Huck borrows $3500 from his parents and has agreed to pay back the loan in 2 years. How much money will he have to pay back if they are charging him 3% simple interest? $3713.15 $3605.00 $3932.60 $3710.00 Olivia borrows $4500 at a 3.2% interest rate compounded monthly. What will be the total cost of the loan if she plans on paying off the loan with a lump sum payment at the end of 5 years? $5267.58 $5220.00 $4560.32 O $5279.67

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