Business, 30.11.2021 04:00, Grayvtrain555

Melanie is looking for a loan. She is willing to pay no more than an effective rate of 9. 955% annually. Which, if any, of the following loans meet Melanieâ€™s criteria? Loan A: 9. 265% nominal rate, compounded weekly Loan B: 9. 442% nominal rate, compounded monthly Loan C: 9. 719% nominal rate, compounded quarterly a. B only b. A and C c. A and B d. None of these fit Melanieâ€™s criteria. Please select the best answer from the choices provided A B C D.

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Melanie is looking for a loan. She is willing to pay no more than an effective rate of 9. 955% annua...