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| rev | Admin | (Created page with "Two borrowers obtain loans at the same time. Each loan is for the same amount and is repaid with level end-of month payments. The first borrower is charged a monthly effective interest rate of i and makes payments of P for k months to pay off the loan, where k is a positive integer. The second borrower is charged a monthly effective interest rate of j and makes payments of 120 for 5k months to pay off the loan. Determine which statement about P is true. <ul class="mw-e...") | Nov 19'23 at 13:22 | +641 |