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6.You are negotiating a load with a bank. What annual percentage interest rate (APR) compounded quarterly would the bank quote you so that you are

6.You are negotiating a load with a bank. What annual percentage interest rate (APR) compounded quarterly would the bank quote you so that you are indifferent between the rate that the bank quotes you and 10% compounded daily.

  1. 10.49%

  2. 10.12%

  3. 10.10%

  4. 9.88%

  5. 2.53%

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