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You are considering five loan offers. The only significant difference between them is their interest rates. Given the following information, which offer should you accept?
You are considering five loan offers. The only significant difference between them is their interest rates. Given the following information, which offer should you accept? Assume a day year.
Offer A: percent per annum with daily compounding
Offer B: percent per annum with monthly compounding
Offer C: percent per annum with annual compounding
Offer D: percent per annum with quarterly compounding
Offer E: percent per annum with semiannual compounding
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