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(2) (Comparing Loans). You need to borrow $5000 right now, but can repay the loan in 18 months. Since you want to pay as little

(2) (Comparing Loans). You need to borrow $5000 right now, but can repay the loan in 18 months. Since you want to pay as little interest as possible, which type of loan you take: a discounted loan at 9% or a simple interest loan at 9.5%

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