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Loans
I picked Loan 2 due to it being a shorter time to pay off, also looked at the interest paid to the lender, and this loan had less compared to the others. The loan may be a little high to pay per month but I know that the business would be able to work through it and get it paid off due to possibly paying more in beginning for a little.
Loan 2:
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Interest rate: 9%
3 years
12 months
Loan payment: $794.88
Total money repaid to lender: $3,615.56
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