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5. Andrea wants to borrow $2400. She is considering the following two loans. A: $2400 at 5% per year, compounded semi-annually for 4 years

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5. Andrea wants to borrow $2400. She is considering the following two loans. A: $2400 at 5% per year, compounded semi-annually for 4 years B: $2400 at 4.7% per year, compounded quarterly for 4 years a) Draw a time line to illustrate each loan. b) Which loan should Andrea take? Justify your response.

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