Question: 58. Recall problem 36. Suppose both models will require a loan of $40,000 at an interest rate of 17 percent, with payment using Plan 1

58. Recall problem 36. Suppose both models will require a loan of $40,000 at an interest rate of 17 percent, with payment using Plan 1 over a period of 4 years.

Rework the problem.

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