Mathematics, 08.10.2019 14:30, Nholz809

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?

a.
loan p
b.
loan q
c.
loan r
d.
loan s

Answers: 2

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Andrew is choosing between four loans. loan p has a nominal rate of 10.393%, compounded daily. loan...