The effective interest rate of loan A and B is at 1.5% p.a. and 2.5% p.a. respectively.
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Question:
The effective interest rate of loan A and B is at 1.5% p.a. and 2.5% p.a. respectively.
Which one is better option for as a lender who used loan service?
Would it result a different answer if it is as a lender position?
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