Comparing the costs of single-payment discount and simple interest loans. Sara Boquist needs to borrow 4,000. First State Bank will lend her the money for 12 months through a singlepayment loan at 8...

Comparing the costs of single-payment discount and simple interest loans. Sara Boquist needs to borrow
4,000. First State Bank will lend her the money for 12 months through a singlepayment loan at 8 percent, discount; Home Savings and Loan will make her a4,000, singlepayment, 12-month loan at 10 percent, simple interest. From where should Sara borrow the money? Explain.