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2. Which of the following interest rates would be the best deal for the lender? Why? A) APR of 1.6% Compounded Annually B) APR of

2. Which of the following interest rates would be the best deal for the lender? Why? A) APR of 1.6% Compounded Annually B) APR of 1.55% Compounded Quarterly C) APR of 1.5% Compounded Monthly

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