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The following three one-year discount loans are available to you: Loan A: $148,907 at a 8.0 percent discount rate Loan B: $138,907 at a 7.0

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The following three one-year "discount" loans are available to you: Loan A: $148,907 at a 8.0 percent discount rate Loan B: $138,907 at a 7.0 percent discount rate Loan C: $158,907 at a 7.5 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 decimal place, eg. 5275) Interest Net Proceeds Loan $ $ Loan B 5 Loan $

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