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Question 26 (1 point) You are shopping for a car loan. There are five lenders located in your area. The rates offered by lenders A

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Question 26 (1 point) You are shopping for a car loan. There are five lenders located in your area. The rates offered by lenders A through E are given below. Which lender should you select if your goal is to minimize your interest payments? Lender A: 4.2 percent, compounded annually Lender E: 3.8 percent, compounded daily. Lender B: 4.2 percent, compounded weekly Lender D: 4 percent, compounded monthly Lender C: 4 percent, compounded quarterly

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