Travis wants to borrow money to start a racquetball club at his school. He convinced the athletic department to loan him $2,500 to purchase equipment and rent a practice facility. Travis agreed to an interest rate of 7%, and to pay back the money at the end of the year. How much money will Travis have to pay back to the athletic department? $2,500 $2,750 $2,675 $2,425.....its c