Business, 30.08.2019 18:20 KindaSmartPersonn

5. 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. (40 points)

Answers: 1

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