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compounded monthly. Which alternative is the most attractive? f you can borrow funds from a finance company at 18 percent compounded annually, the EAR for

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compounded monthly. Which alternative is the most attractive? f you can borrow funds from a finance company at 18 percent compounded annually, the EAR for the loan is \%. (Round to two decimal places.) If you can borrow funds from a bank at 20 percent compounded monthly, the EAR for the loan is \%. (Round to two decimal places.) Based on the findings above, which alternative is more attractive? (Select the best choice below.) A. The loan from the finance company at 18% compounded annually B. The loan from the bank at 20% compounded monthly

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