Devon is considering taking out a $7,000 loan. He went to two banks. Stevenson Trust Company offered

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Devon is considering taking out a $7,000 loan. He went to two banks. Stevenson Trust Company offered him an 8-year loan with an interest rate of 8.6%. First National Bank offered him a 5-year loan with an interest rate of 10%. Which loan will have the lower interest over its lifetime?
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