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Mathematics, 05.01.2021 22:00 helpplz5725

You need a loan for $1000, and you can take this loan out with Company A or Company B. Company A charges an 8% interest rate and needs to be paid off in 5 years. Company B charges a 5% interest rate and needs to be paid off in 8 years. Which company should you get a loan from and why?

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You need a loan for $1000, and you can take this loan out with Company A or Company B. Company A cha...
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