Shawn borrows $12,000 from the bank to help pay for a new

Last updated: 8/13/2022

Shawn borrows $12,000 from the bank to help pay for a new car. The loan is for 7 years with a simple interest rate of 7.7%. When Shawn settles the loan at the end of 7 years, how much money, in total, must he pay? Round to the nearest cent (if necessary) and do not include the $ symbol.