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Answer with Explanation:
6. A better offer for Jordan would be the HUG Bank. Although they offer the same interest rate, LOVE Bank has interest compounded annually. If he chooses LOVE Bank, the total amount that he has to pay would be Php. 56,570.41. Meanwhile, if he chooses HUG Bank he would only pay Php. 56,250.00.
7. Lois had to pay a total of 26,250.00.