1. 14. Calculating EAR [LO 6.4] Indooroopilly Bank charges 13.1 per cent compounded monthly on its business...

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1. 14.

Calculating EAR [LO 6.4] Indooroopilly Bank charges 13.1 per cent compounded monthly on its business loans. Indy United Bank charges 13.4 per cent compounded semiannually. As a potential borrower, which bank would you go to for a new loan?

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