Acton can choose from two loan offers: $12,000 at 8% simple interest for 9 months; or a $12,000 9-month discounted loan at 7% discount. based on the actual interest paid and the true rate on the discounted loan, which of the two loan offers will acton choose? explain your answer. (

step-by-step explanation:

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step-by-step explanation:

the equation of the parallel line would be y = 2x + 9

step-by-step explanation:

to start we need to find the slope of the original line. we can do that by looking at the coefficient of x, which is 2

since the slope of the original line is 2 and parallel lines have the same slope, we know the new line will also have 2 slope. now we can use that along with the point given in point-slope form to get the find equation.

y - y1 = m(x - x1)

y - 5 = 2(x + 2)

y - 5 = 2x + 4

y = 2x + 9