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Question 4 Part 1 of 2 Compare the annual percentage yield ( APY ) of loan A , with nominal interest rate 1 2 %

Question 4
Part 1 of 2
Compare the annual percentage yield (APY) of loan A, with nominal interest rate 12% and quarterly compounding to loan B, which has nominal interest rate 9% and semiannual compounding. Round answers to one decimal place.
APY Loan A:
APY Loan B:
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