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Kika and Mato each took out a loan for $5,000 from the bank. Kika has an interest rate of 5.2%, and he plans to repay the loan in 5 years. Mato has an
interest rate of 7.5%, and he plans to repay the loan in 24 months. Who will pay more in interest, and about how much more will he pay?
Kika: $300
Kica: $700
Mato: $300
Mato: $700

Sagot :

Mato I think that’s right
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