Which of the following rates would you prefer for a loan: 7.6% compounded quarterly, 7.5% compounded monthly,

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Which of the following rates would you prefer for a loan: 7.6% compounded quarterly, 7.5% compounded monthly, or 7.7% compounded semiannually?

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Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

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Question Posted: Jan 20, 2016 07:36 AM

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Which of the following rates would you prefer for a loan: 7.6% compounded quarterly, 7.5% compounded monthly,

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The preferred loan is the one with the lowest effective rate For a lo...View the full answer

Business Mathematics In Canada

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