Question: Angel Stuart needs to borrow $ 3 , 5 0 0 . Second State Bank will lend her the money for 1 2 months through

Angel Stuart needs to borrow $3,500. Second State Bank will lend her the money for 12 months through a single-payment loan at 10.5 percent, discount; Mountain Savings and Loan will make her a $3,500, singlepayment,12-month loan at 12.5 percent, simple interest. From where should Angel borrow the money?
Explain. Round your answers to one decipmal place, if needed.
The Second State Bank, discount single payment loan has a -SelectAPR, percent versus Mountain Savings and Loan rate of percent. I recommend taking the loan with a APR.
Angel Stuart needs to borrow $ 3 , 5 0 0 . Second

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