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1. You are looking at two borrowing options. Option A charges 5%, with daily compounding. Option B charges 5.1% with semiannual compounding. Which one would

1.You are looking at two borrowing options. Option A charges 5%, with daily compounding. Option B charges 5.1% with semiannual compounding. Which one would you choose?Why?

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To determine which borrowing option is preferable we can compare the effective annual interest rates ... blur-text-image

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