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Question 8 (1 point) A simple interest installment loan calculates interest on the unpaid balance....

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Question 8 (1 point) A simple interest installment loan calculates interest on the unpaid balance. An add- on a) calculates the same way with a factor added on. b) calculates interest on the original balance. O c) is least costly. d) is more costly. e) both calculates interest on the original balance and is more costly

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