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One person earns $48,000 per year. Another earns $3750 per month. How much more does the first person earn in a year than the second?You
One person earns $48,000 per year. Another earns $3750 per month. How much more does the first person earn in a year than the second?You are choosing between two plans for a home renovation simple interest loan. Plan A offers an annual interest rate of 6.5% for 12 years. Plan B offers an annual interest rate of 8% for 10 years. If you anticipate renovating a home for $40,000, which plan offers the better deal? (Remember I=Prt and A=P+Prt)
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