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6. Comparing the costs of single-payment discount and simple interest loans. Jocelyn Dixon needs to borrow $4,000. First State Bank will lend her the money

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6. Comparing the costs of single-payment discount and simple interest loans. Jocelyn Dixon needs to borrow $4,000. First State Bank will lend her the money for 12 months through a single- payment loan at 8 percent, discount, Home Savings and Loan will make her a $4,000, single- payment, 12-month loan at 10 percent, simple interest. From where should Jocelyn borrow the money? Explain

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