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what is the answer with work shown and formula used? Q12. You are contemplating borrowing $10,000 to remodel your kitchen via a signature effective interest

what is the answer with work shown and formula used?

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Q12. You are contemplating borrowing $10,000 to remodel your kitchen via a signature effective interest cost of the loan terms you prefer from the choices below? Assume 365-day year ANZ ank-Tennis A: Nominal Rate = 7.075%. Compounding = Daily DNL Bank-Tenis B: Nominal Rate 7.1%. Compounding-Monthly Kiwibank-Terms C: Nominal Rate-7.15%. Compounding-Semi-Annually A. 7.2778% B. 7.330600 C. 7.3357% D. 7.3456% E. 7.4267% Bianco

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