The following three one-year discount loans are available to you:

Loan A: $132,562 at a 7.0 percent discount rate

Loan B: $122,562 at a 6.0 percent discount rate

Loan C: $142,562 at a 6.5 percent discount rate

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.)

B1 Calculate the percent interest rate or effective cost of each loan. (Round answers to 2 decimal places, e.g. 52.75.)

The following three one-year "discount" loans are available to you: Loan A: $132,562 at a 7.0 percent discount rate Loan B: $122,562 at a 6.0 percent discount rate Loan C: $142,562 at a 6.5 percent discount rate (a) - Your answer is partially 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 $ 9279 $ 141841 Loan B 7354 129916 Loan C $ 9266 $ 151828