Sarah has 8,000 Canadian Dollars (CAD) she will convert to US dollars using a currency exchange service. At this time, the currency exchange rate is 1 CAD = 0.75 US dollars. The exchange service will charge Sarah a 1% fee on the converted US dollar amount. How many US dollars will Sarah receive from the currency exchange after the 1% fee is applied?
$6000.00
$5940.00
$5880.00
$6060.00