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Question 13 The following three one-year discount loans are available to you: Loan A: $126,601 at a 5.0 percent discount rate Loan B: $116,601 at
Question 13 The following three one-year "discount" loans are available to you: Loan A: $126,601 at a 5.0 percent discount rate Loan B: $116,601 at a 4.0 percent discount rate Loan C: $136,601 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 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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