You need a loan and have offers from four different banks. They are all offering the same

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You need a loan and have offers from four different banks. They are all offering the same annual percentage rate (APR), 12%, but the difference is that they are offering you different compounding periods? Which of the following is the best for you?

a- One period per year

b-Twelve periods per year

c-Two periods per year

d-Six periods per year

Related Book For answer-question

Practical financial management

ISBN: 978-0324422634

5th Edition

Authors: William r. Lasher

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Posted Date: Jan 11, 2021 04:13 AM

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You need a loan and have offers from four different banks. They are all offering the same

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Should pay 12 periods per year reason being if you pay on a monthl... View the full answer

Practical financial management

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