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You are in the market to find a loan. You found two differnt loans that you found on LoanSharks.com. The first loan (Loan A) has

You are in the market to find a loan. You found two differnt loans that you found on LoanSharks.com. The first loan (Loan A) has a rate of 3.5%, monthly. The second loan (Loan B) has a rate of 3.6%, quarterly. Which loan do you choose? (Hint: be careful of rounding error)

You are in the market to find a loan. You found two differnt loans that you found on LoanSharks.com. The first loan (Loan A) has a rate of 3.5%, monthly. The second loan (Loan B) has a rate of 3.6%, quarterly. Which loan do you choose? (Hint: be careful of rounding error)

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