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Author Question: Which would be the best loan offer? Loan A has a 9.5 percent rate calculated quarterly and Loan B ... (Read 152 times)

Alainaaa8

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on: Nov 11, 2019
Which would be the best loan offer? Loan A has a 9.5 percent rate calculated quarterly and Loan B has a 9.25 percent rate calculated monthly.
◦ Loan B is a lower interest rate, so it is the better choice.
◦ The effective rate on Loan A is 9.84 percent and on Loan B is 9.65 percent. Therefore, Loan B is best.
◦ Loan A is compounded less frequently, so it would be the best option.
◦ The effective rate on Loan A is 9.84 percent and on Loan B is 9.92. percent. Therefore, Loan A is best.
Personal Finance ¦ Madura, Gill ¦ 3rd Edition
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Marked as best answer by Alainaaa8 on Nov 11, 2019

mathjasmine

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Reply #1 on: Nov 11, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Alainaaa8

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Reply 2 on: Nov 11, 2019
Great answer, keep it coming :)

gcook

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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