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# You need $25,000 today and have decided to take out a loan at 7 percent for five years. Which one of the following loans would be the least expensive?...

You need $25,000 today and have decided to take out a loan at 7 percent for five years. Which one of the following loans would be the least expensive? Assume all loans require monthly payments and that interest is compounded on a monthly basis. Question 2 options: