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Your form is considering the one year loan options for a $514.000 loan. The first cames fees of 10% of the loan amount and charges

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Your form is considering the one year loan options for a $514.000 loan. The first cames fees of 10% of the loan amount and charges of 41% of the loan amount. The other carries foes of 15% of the loan amount and charges interest of 5% of the loan amount a. What is the net amount of funds from each loan? b. Based on the net amount of funds, what is the true interest rate of each loan? What is the net amount of funds from each loan? The rot amount of funds for option is Round to the nearest dollar) The net amount of funds for option 2 is Round to the newest do.) b. Based on the net amount of funds, what is the true interest rate of each loan? The true interest for loan 1 will be Round to three decimal places) There interest for loan 2 will be found to three decimal places.)

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