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Consider the following two loans for P 7 500 Loan A 5 year loan annual...

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Consider the following two loans for P 7 500 Loan A 5 year loan annual interest rate of 7 monthly repayments of 148 51 Loan B 3 year loan annual interest rate of 10 monthly repayments of 242 00 On which loan will you pay the least interest Select the correct answer below Loan A O Loan B

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