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A company offers you a $ 6,000 30-month line of credit with an APR of 24%. The bank, on the other hand, offers you $

A company offers you a $ 6,000 30-month line of credit with an APR of 24%. The bank, on the other hand, offers you $ 12,000.00, tells you to pay 8%, and offers you a maximum of 50 months to pay. You need $ 10,000. What is the minimum monthly payment in both cases? Which of the two offers is the cheapest? Present your arguments.

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