Mr. fitch needs to get a loan to replace the air-conditioning system in his home. the cost of the replacement, including installation, is $4,348.00. he can apply for a 5-year loan or a 3-year loan. both loans involve simple interest with an annual interest rate of 6.5%. if mr. fitch applies for the 5-year loan, how much more will he pay in interest than with the 3-year loan?