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Suppose that you decide to borrow $ 1 5 0 0 0 for a new car. You can select one of the following loans, each

Suppose that you decide to borrow $15000 for a new car. You can select one of the following loans, each requiring regular monthly payments.
Installment Loan A: three-year loan at 6.3%
Installment Loan B: five-year loan at 5.2%

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