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1. (4.1) If you are a borrower, which is a better deal, 1. a loan with an interest rate of 8.02% compounded yearly, or 2.
1. (4.1) If you are a borrower, which is a better deal, 1. a loan with an interest rate of 8.02% compounded yearly, or 2. Another loan with a 8% interest rate compounded weekly? a. the first b. the second c. both are equally good d. depends on the amount borrowed e. depends on the duration
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