Erik needs to borrow $2000. Which loan should he take? Loan A :$2000 for three years at 10% per year, compounded semi - annually or Loan B : $2000 for three years at 9.2% per year , compounded quarterly?

Erik needs to borrow $2000. Which loan should he take: Loan A: $2000 for three years at 10% per year, compounded semi-annually or Loan B: $2000 for three years at 9.2% per year, compounded quarterly. * Loan A Loan B