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After examining the various personal loan rates available to you you find that you can borrow funds from a finance company at an APR of

After examining the various personal loan rates available to you you find that you can borrow funds from a finance company at an APR of 7% compounded daily or from a bank at an APR of 8% compounded annually which alternatives or is more attractive if you borrow $100 from a finance company at an APR 7% compounded daily for one year how much do you need to pay off the loan

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