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Deacon requires a personal loan and has three loan providers quoting the following interest rates (APRs) on their personal loan products: Lender A 10.40% compounded monthly Lender B 10.50% compounded quarterly Lender C 10.90% compounded annually What is the effective annual interest rate of each loan and which lender should Deacon select if he wants the cheapest loan? Explain why. [4 marks) Type your answers in the space provided below. Show all workings/calculations