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Which of the following will result in a higher effective annual rate paid by the borrower? 10%, 5-year loan compounded daily 10%, 5-year loan compounded

Which of the following will result in a higher effective annual rate paid by the borrower? 10%, 5-year loan compounded daily 10%, 5-year loan compounded annually 9%, 5-year loan compounded monthly 10%, 5-year loan compounded monthly

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