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A financial company, AAA Inc wants to earn an effective annual rate of 9% on its loan if the interest is compounded monthly, what APR

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A financial company, AAA Inc wants to earn an effective annual rate of 9% on its loan if the interest is compounded monthly, what APR monthly compounding must AAA charge? Another company BBB Inc. changes 8 8% APR quarterly compounded for its loan You are looking to take a loan and you only have 2 choices, either AAA or BBB Which one will you choose and why

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