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Anita and Jim are shopping for outdoor furniture to decorate their newly installed deck. They dont want to touch their emergency fund, so theyre considering
Anita and Jim are shopping for outdoor furniture to decorate their newly installed deck. They dont want to touch their emergency fund, so theyre considering financing the purchase using an installment loan offered by one of two retail stores. When comparing the two loans Anita and Jim found it interesting that even though both stores are offering a 9% loan, the total interest charge of one lender is much higher than that of the other. What should Anita and Jim
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