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Louisa is shopping around for a loan. TD Canada Trust has offered her 8.31% compounded monthly, Conexus Credit Union has offered 8.33% compounded quarterly, and
Louisa is shopping around for a loan. TD Canada Trust has offered her 8.31% compounded monthly, Conexus Credit Union has offered 8.33% compounded quarterly, and ING Direct has offered 8.46% compounded semi-annually. Determine the three offers compounded annually and rank them in either ascending or descending order. Round the rate to 4 decimal places. Rank Company Rate 1 2 3
Louisa is shopping around for a loan. TD Canada Trust has offered her 8.31% compounded monthly, Conexus Credit Union has offered 8.33% compounded quarterly, and ING Direct has offered 8.46% compounded semi-annually. Determine the three offers compounded annually and rank them in either ascending or descending order. Round the rate to 4 decimal places.
Rank
Company
Rate
1
2
3
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Fundamentals of Corporate Finance
Authors: Berk, DeMarzo, Harford
2nd edition
978-0132148238
