Multiple Choice
Exhibit 29-2

-Refer to Exhibit 29-2. The interest and interest rate for loan 5 are, respectively,
A) $21,600 and 8.0 percent.
B) $21,600 and 10.8 percent.
C) $1,600 and 8.0 percent.
D) $1,600 and 10.8 percent.
E) none of the above
Correct Answer:
Verified
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