Question 13 of 15 View Policies Show Attempt History Current Attempt in Progress The following three one-year discount loans are available to you: Loan A: $145,812 at a 5.0 percent discount rate Loan B: $135,812 at a 4.0 percent discount rate Loan C: $155,812 at a 4.5 percent discount rate (a) * Your answer is incorrect. 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 0 decimal place, e.g. 5275.) Interest Net Proceeds Loan A $ 6943 $ 138869 Loan B $ 5224 $ 130588 Loan C $ 14910 $ 149102 e Textbook and Media Save for Later Attempts: 1 of 2 used Submit Answer (b1). Calculate the percent interest rate or effective cost of each loan. (Round answers to 2 decimal places, e.g. 52.75.) Loan A % Loan B % Loan C % e Textbook and Media Save for Later Attempts: 0 of 2 used Submit Answer (b2). Which one has the lowest cost? e Textbook and Media Save for Later Attempts: 0 of 2 used Submit