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(Calculating an EAR) (Related to Checkpoint 5.7 on page 179) You have a choice of borrowing money from a finance company at 24 percent compounded

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(Calculating an EAR) (Related to Checkpoint 5.7 on page 179) You have a choice of borrowing money from a finance company at 24 percent compounded monthly or from a bank at 26 percent compounded annually. Which alternative is the more attractive? dato

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