The following three one-year "discount" loans are available to you: Loan A: $133,829 at a 8.0 percent discount rate Loan B: $123,829 at a 7.0 percent discount rate Loan C: $143,829 at a 7.5 percent discount rate 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 10706 123123 Loan B 8668 115161 Loan C 10787 133042 SHOW SOLUTION LINK TO TEXT (61) 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 %