Question
1. As a borrower who wants a low interest rate, which of the following loans will you choose? A loan that pays 9% nominal interest
| 1. As a borrower who wants a low interest rate, which of the following loans will you choose? | |
| A loan that pays 9% nominal interest with monthly compounding. |
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| A loan that pays 9% nominal interest with annual compounding. |
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| A loan that pays 8.5% nominal interest with daily (365-day) compounding. |
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| A loan that pays 8.5% nominal interest with monthly compounding. |
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| A loan that pays 9% nominal interest with daily (365-day) compounding. |
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Commodity Finance Principles And Practice
Authors: Weixin Huang
1st Edition
1781371938, 978-1781371930
