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The following three one-year discount loans are available to you: Loan A: $159,786 at a 4.0 percent discount rate Loan B: $149,786 at a 3.0

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The following three one-year "discount" loans are available to you: Loan A: $159,786 at a 4.0 percent discount rate Loan B: $149,786 at a 3.0 percent discount rate Loan C: $169,786 at a 3.5 percent discount rate (a) 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 $ $ Loan B $ $ Loan C $

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