(Compound interest with nonannual periods) After examining the various personal loan rates available to you, you find that you ca borrow funds from a finance company at an APR of 5 percent compounded annually or from a bank at an APR of 6 percent compounded semiannually. Which alternative is more attractive? a. If you borrow $100 from a finance company at an APR 0f 5 percent compounded annually for 1 year, how much do you need to payoff the loan? (Round to the nearest cent.) b. If you borrow $100 from a bank at an APR of 6 percent compounded semiannually for 1 year how much do you need to payoff the loan? (Round to the nearest cent) c. Based on the findings in parts (a) and (b), which alternative is more attractive? (Select the best choice below) O A. The loan from the finance company at an APR of 5% compounded annually B. The loan from the bank at an APR of 6% compounded semiannually