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Lowes charges 3.4% interest compounded semi-annually on any borrowing over a year, while Homes charges 3.5% interest compounded daily. You need $15,000 for 5-year. Which
Lowes charges 3.4% interest compounded semi-annually on any borrowing over a year, while Homes charges 3.5% interest compounded daily. You need $15,000 for 5-year. Which should you borrow money from and why?
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