Question: Response 1: Respond to at least one classmate using the following: Lower the interest rate provided in your classmate's post by one percentage point. Determine

Response 1: Respond to at least one classmate using the following: Lower the interest rate provided in your classmate's post by one percentage point. Determine the amount of interest your classmate will pay with this new interest rate and how much money will be saved over the length of the loan. Write a 1-paragraph memo to your classmate explaining why the new interest rate is the better choice

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