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Need the answer to be written out Compare the annual percentage yield (APY) of loan A, with nominal interest rate 18% and semiannual compounding with

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Compare the annual percentage yield (APY) of loan A, with nominal interest rate 18% and semiannual compounding with loan B, which has nominal interest rate 17.5% and monthly compounding. If you were borrowing money, which loan would you select? For full credit, you must state the APY of each loan and identify which is the better deal for the borrower

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