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answer b1 show work The following three one-year discount loans are available to you: Loan A: $148.907 at a 8.0 percent discount rate Loan B:

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The following three one-year "discount" loans are available to you: Loan A: $148.907 at a 8.0 percent discount rate Loan B: $138.907 at a 7.0 percent discount rate Loan C: $158,907 at a 7.5 percent discount rate Determine the dollar amount of interest you would pay on each loan and indicate the amount of net proceeds each loan would provide. (Round answers to O decimal place, c.3.5275. Interest Net Proceeds 336,094 Loan A $ 11.913 $ 9,723 129,154 $ Loan B $ Loan 11.918 146.989 $ Calculate the percent interest rate or effective cost of each loan. (Round answers to 2 decimal places, eg. 52.75.) % Loan A Loan B %6 Loan C

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