Mathematics, 15.11.2019 20:31 jcross11nate

Acton can choose from two loan offers: $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? explain your answer

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Acton can choose from two loan offers: $12,000 at 8% simple interest for 9 months; or a $12,000 9-...

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