You have a choice of borrowing money from a finance company at 19% compounded daily or borrowing…


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You have a choice of borrowing money from a finance company at 19% compounded daily or borrowing… 1 answer below ยป You have a choice of borrowing money from a finance company at 19% compounded daily or borrowing from a bank at 21% compounded weekly. Which alternative is the most attractive? If you can borrow funds from a finance company at 19% compounded daily, the EAR for the loan is ….. If you borrow fund from a bank at 21% compounded weekly, the EAR of this loan is ….. Based on the finding above, which alternative is more attractive? A) The loan from the Bank at 21% compounded weekly. B) The loan from the finance company at 19% compounded daily. Feb 04 2016 10:32 AM

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