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July 2, 2015

Homework Help: Math

Posted by Queen on Saturday, December 8, 2012 at 7:56pm.

Acton choose from two loans offersS: 12,000 at 8% simple interest for 9 months: or a 12,000 9 month discounted loan at 7% discount. Based on the actual interest paid and the true rate on the discounted loan, which of the two loan offers will Acton choose?

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