The following three one-year "discount" loans are available to you: Loan A: $143,774 at a 5.0 percent discount rate Loan B: $133,774 at a 4.0 percent discount rate Loan C: $153,774 at a 4.5 percent discount rate (a) Determine the dollar amount of interest you would pay on each loan and indicate the amount of net proceeds ea provide. (Round answers to O decimal place, e.g. 5275.) Loan A $ Loan B $ Loan C Interest eTextbook and Media Save for Later $ $ $ Net Proceeds Attempts: 0 of 2 used (b1) 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 eTextbook and Media Save for Later (b2) Which one has the lowest cost? eTextbook and Media Save for Later % % % Attempts: 0 of 2 used Attempts: 0 of 2 used Submit Answer Submit