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i=1% 1. (3 pts) You have been offered three loans with different terms. Loan A-0.9% per month Loan B - 11% nominal annual rate, compounded
i=1%
1. (3 pts) You have been offered three loans with different terms. Loan A-0.9% per month Loan B - 11% nominal annual rate, compounded daily Loan C-10.9% nominal annual rate, but continuously compounded Which one would be the most attractive to acceptStep by Step Solution
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