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LULU Question 4 Louisa is shopping around for a loan. TD Canada Trust has offered her 8.31% compounded monthly. Conexus Credit Union has offered 8.33%

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LULU Question 4 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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