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Mathematics, 25.10.2020 02:40 zach32131

Alondra is offered two loans for $5000 to buy her first car. She can borrow from the First Math Bank at a rate of only 7% for a five-year loan, or she can
borrow from Bank of the Proportions at a rate of 11% for a 3-year loan,
Part 1: How much would she pay in interest for each bank?
First Math Bank:
Bank of the Proportions:
Part 2: From which bank should Alondra borrow money if she wants to pay the
least amount of interest?
First Math Bank or Bank of the Proportions


Alondra is offered two loans for $5000 to buy her first car. She can borrow

from the First Math B

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Answers: 1

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