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You are offered four loans, but can only accept one. The characteristics of the loans are as follows A. 5 years, 9.6% interest, monthly payments
You are offered four loans, but can only accept one. The characteristics of the loans are as follows A. 5 years, 9.6% interest, monthly payments B. 5 years, 9.7% interest, quarterly payments C. 5 years, 9.8% interest, semiannual payments D. 5 years, 10.0% interest, annual payments Which loan should you accept? D B
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