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Mathematics, 01.12.2020 21:50 toni240

James Lorenzo wants to purchase a house in Atlanta that sells for $587,000. His credit union can lend him the money at 12% for 12 months. His bank can lend him the money at 15% for 24 months. a. How much will each loan cost?

b. Which cost will cost him less?

c. How much lese would it cost?

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