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Introduction to Financial Math (calculation) You visit your local bank and inquire about the rates on two-year personal loans. Below are details for three loans:

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Introduction to Financial Math (calculation) You visit your local bank and inquire about the rates on two-year personal loans. Below are details for three loans: 1.6.40% per annum repaid annually. The EAR of this deposit is 6.4% 2. 6.35% per annum repaid semi-annually. The EAR of this deposit is 3. 6.25% per annum repaid daily. The EAR of this deposit is You should choose because it has the EAR

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