Which interest rate would you prefer to pay on a loan: 9% compounded monthly, 9.1% compounded quarterly,

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Which interest rate would you prefer to pay on a loan: 9% compounded monthly, 9.1% compounded quarterly, 9.2% compounded semiannually, or 9.3% compounded annually?

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Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

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Question Posted: Jan 20, 2016 07:34 AM

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Which interest rate would you prefer to pay on a loan: 9% compounded monthly, 9.1% compounded quarterly,

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Business Mathematics In Canada

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