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Fred needs to borrow $1,200 for the next year. Bank South will give him the loan at 12 percent. Sun Coast Bank will give him
Fred needs to borrow $1,200 for the next year. Bank South will give him the loan at 12 percent. Sun Coast Bank will give him the loan at 8 percent with a $60 loan origination fee. First National will give him the loan at 7 percent with a $45 loan origination fee.Determine the total interest and fees Jack will be charged at Bank South.
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