(Compound interest with nonannual periods) 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 9 percent compounded quarterly or from a bank at an APR of 10 percent compounded semiannually. Which alternative is more attractive? a. If you borrow $100 from a finance company at an APR of 9 percent compounded quarterly 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 10 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.) A. The loan from the bank at an APR of 10% compounded semiannually. B. The loan from the finance company at an APR of 9% compounded quarterly