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which loan results in the lowest total interest cost to the borrower? Loan A 1,000 loan at 6.5% annual simple interest for 4 years. Loan

which loan results in the lowest total interest cost to the borrower?

Loan A 1,000 loan at 6.5% annual simple interest for 4 years.

Loan B 1,000 loan at 6% annual compound interest for 4 years.

Loan results in the lowest cost to the borrower.

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