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: $ 120,078 at a 5.0 percent discount rate Loan B: $ 110,078 at a 4.0 percent discount rate Loan C: $ 130,078 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 provide. (Round answers to decimal place, e.g. 5275.) Interest Net Proceeds 14 AO MacBook 888 F 23 At a Day PF # 2 3 5. 4 96 5 6 & 7 8 9 W E R T Y C S D G H J x V a Your answer is correct 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 $ 6004 114074 Loan B $ 4403 105675 Loan C $ 5853 $ 124 225 * Your answer is incorrect. Calculate the percent interest rate or effective cost of each loan. (Round answers to 2 decimal places, e.g. 52.75.) Loan A 52.63 % Loan B 4167 % Loan C 47.12 %