Question: Martina is deciding between two personal loans. For each loan, the loan amount is $10,500. Use the ALEKS loan calculator for the following. Also use

Martina is deciding between two personal loans. For each loan, the loan amount is $10,500. Use the ALEKS loan calculator for the following. Also use the regular ALEKS calculator, as necessary. Write your answers to the nearest cent. (a) For Loan A, the interest rate is 6.3% per year and the loan term is 2 years. Find the monthly payment. $ 0 ALEKS Loan Calculator (b) For Loan B, the interest rate is 6.3% per year Loan amount: $ and the loan term is 6 years. Find the monthly payment. Loan term: years (c) Which loan has a lower monthly payment, Interest rate: and by how much? O Loan A Monthly payment: The monthly payment is lower bys. Calculate O Loan B The monthly payment is lower bys

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