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9 May, 19:39

Candice wants to buy a $2500 scooter with a loan from her local bank. Which loan option would be best for Candice if she wants the lowest interest rate and wants to pay off the scooter within 5 years.

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  1. 9 May, 20:23
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    Loan option 1 will take less than 4 years to pay off and have an annual interest rate of 15%, and total interest of about $700.
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