HUCK Ul. Allempl I Previous Page Next Page Page 1 of 5 Question 1 (Mandatory) (6 points) You are offered three loan schemes with the following interest rates: A: 1% per month/12% per year nominal rate (compounded monthly) B: 14% per year nominal rate, compounded daily C: 13% per year nominal rate, compounded semi-yearly (once every 6 months) Which loan will work the best for you? Write Decision based on effective annual interest rates. You need to show all calculations on the worksheet. Loan Scheme A Loan Scheme B Loan Scheme C All schemes are equally good Page 1 of 5 Next Page Prev Page