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Which of the loan options would result in the lowest amount

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Reference no: EM133006947

Problem 1: If you wished to borrow P100,000, which of the following loan options would result in the lowest amount of simple interest being paid?

A) 5% for 7 years

B) 7% for 4 years

C) 6% for 5 years

D) 3% for 10 years

Reference no: EM133006947

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