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6. If you were looking to borrow money, would you prefer a loan with interest at 9.5% compounded semi-annually or 9.4% compounded quarterly? Briefly explain

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6. If you were looking to borrow money, would you prefer a loan with interest at 9.5% compounded semi-annually or 9.4% compounded quarterly? Briefly explain why. 9.5% compounded semi annually NOW EFF C/Y 9.4% compounded quarterly NOW EFF C/Y

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