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Question Help Related to Checkpoint 5.7) (Calculating an EAR) After examining the various personal loan rates available to you, you find that you can borrow
Question Help Related to Checkpoint 5.7) (Calculating an EAR) After examining the various personal loan rates available to you, you find that you can borrow funds from a finance company at 11 percent compounded quarterly or from a bank at 12 percent compounded semiannually. Which alternative is more attractive? f you can borrow funds from a finance company at 11 percent compounded quarterly, the EAR for the loan is %. (Round to two decimal places.) f you can borrow funds from a bank at 12 percent compounded semiannually, the EAR for the loan is %. (Round to two decimal places.) Based on the findings above, which alternative is more attractive? (Select the best choice below.) O A. The loan from the finance company at 11% compounded quarterly OB. The loan from the bank at 12% compounded semiannually
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