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You have decided to take out a $15,000 home improvement loan. You can borrow the money from either Chris' bank or Kris' bank. To repay
You have decided to take out a $15,000 home improvement loan. You can borrow the money from either Chris' bank or Kris' bank. To repay Chris you would have to pay $428.32 per month for 3.5 years. To repay Kris, you would have to pay $87.57 per week for 4 years. Which loan is better an why. Ignore taxes.
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