Mathematics, 11.10.2020 20:01, deanazilyiah
Andrew is choosing between four loans. Loan P has a nominal rate of 10.393%, compounded daily. Loan Q has a
nominal rate of 10.516%, compounded weekly. Loan R has a nominal rate of 10.676%, compounded monthly. Loan S
has a nominal rate of 10.755%, compounded annually. Which loan will give Andrew the best effective interest rate?
loan P
loan Q
loan R
d. loan S
a
b
C
Answers: 1
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Andrew is choosing between four loans. Loan P has a nominal rate of 10.393%, compounded daily. Loan...
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