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7:29 AllLTE 2.7.2 - Installment Loans and A... 2.7.2 - Installment Loans and Amo... Mastery: 89% Choose the best installment loan plan Question Consider the

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7:29 AllLTE 2.7.2 - Installment Loans and A... 2.7.2 - Installment Loans and Amo... Mastery: 89% Choose the best installment loan plan Question Consider the following two loans for P = $6,000. Loan A: 5 year loan, annual interest rate of 5%. Loan B: 3 year loan, annual interest rate of 8%. Assuming the loans require monthly payments, on which loan will you pay the least interest? Select the correct answer below: Loan B

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