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You are considering two loans as part of buying a car. The terms of the two loans are equivalent with the exception of the interest

You are considering two loans as part of buying a car. The terms of the two loans are equivalent with the exception of the interest rates.

Loan A offers a rate of 7.45 percent compounded daily.

Loan B offers a rate of 7.5 percent compounded semi-annually.

Loan _ is the better offer because__:

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