Lipice a one share of stock in First Mug. Question 3: You are choosing between two different loans with identical terms, except the interest rates are different. Loan X has a rate of 6.35 percent compounded daily, while loan Y has a rate of 6.40% compounded semi- annually. Loan is better because (1 Point) OY; the interest is compounded less frequently. OY; the effective annual rate is 6.50%. OY; the annual percentage rate is 6.50%. OX; the annual percentage rate is 6.35%. O X; you will pay less interest