stott4882 stott4882
  • 02-06-2023
  • Business
contestada

Determine the effective annual interest rate in each of the following cases for a loan offered in purchasing an equipment. Which effective annual interest rate is a better choice.
A) 1.25% interest compounded monthly
B) 3% interest compounded quarterly
C) 4.5% interest compounded semi annually

Respuesta :

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