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Consider the following two loans for P =$7,500 . Loan A: 5 year loan, annual interest rate of 7% , monthly repayments of $148.51 .
Consider the following two loans for P=$7,500
.
- Loan A: 5
- year loan, annual interest rate of 7%
- , monthly repayments of $148.51
- .
- Loan B: 3
- year loan, annual interest rate of 10%
- , monthly repayments of $242.00
- .
On which loan will you pay the least interest?
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Calculus Early Transcendentals
Authors: James Stewart, Daniel K. Clegg, Saleem Watson, Lothar Redlin
9th Edition
1337613924, 978-1337613927
