The following three one-year "discount" loans are available to you: Loan A: $139,207 at a 7.0 percent discount rate Loan B: $129,207 at a 6.0 percent discount rate Loan C: $149,207 at a 6.5 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 O decimal place, e.g. 5275.) Loan A Loan B Loan C $ (b1) $ eTextbook and Media Save for Later $ Loan A Loan B Loan C Interest % Calculate the percent interest rate or effective cost of each loan. (Round answers to 2 decimal places, e.g. 52.75.) % $ % $ $ Net Proceeds Attempts: 0 of 2 used Submit