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Mathematics, 08.05.2021 18:00 lakiethalucas

Sophia wants to take out a loan of $6,000 with interest that compounds monthly. Use the formula A = P(1 + rn)n∗t to find which of these loan terms will have the lowest total cost. A) 2 years at 4% interest B) 3 years at 3% interest C) 4 years at 1% interest D) 5 years at 2% interest

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