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    Bruce Seem Took Out the Same Loan as Alice in the Preceding
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Bruce Seem Took Out the Same Loan as Alice in the Preceding

Question 1

Question 1

Short Answer

Bruce Seem took out the same loan as Alice in the preceding problem, but his terms were exact interest. What is the difference in interest cost and what will Bruce pay back on January 14, 2019? Who had better terms and why?

Correct Answer:

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