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Shark Motors is offering loans at an interest rate of 6% annual rate, compounded monthly. Komodo Cars is offering loans at an interest rate of
Shark Motors is offering loans at an interest rate of 6% annual rate, compounded monthly. Komodo Cars is offering loans at an interest rate of 6.15% simple annual rate. Which company is offering the lowest rate?
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Fundamentals of Corporate Finance
Authors: Richard Brealey, Stewart Myers, Alan Marcus
7th edition
978-0077616472, 77616472, 78034647, 978-0071314749, 71314741, 978-0078034640
