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Lola Segal needs to take out an installment loan of $1,200 to pay for auto repairs. Walton Savings and L will lend her the money

Lola Segal needs to take out an installment loan of $1,200 to pay for auto repairs. Walton Savings and L will lend her the money at 9% for 12 months. Horton finance company at 12% for 24 months. How much she save by taking the loan with the lower finance charge

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