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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

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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 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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