Question: 2 Points: 1 You are choosing between two different loans with identical terms, except the interest rates are different. Loan A has a rate of

2 Points: 1 You are choosing between two different loans with

2 Points: 1 You are choosing between two different loans with identical terms, except the interest rates are different. Loan A has a rate of 5.9% compounded weekly, while Loan B has a rate of 6% compounded monthly. Loan is better because A A; the effective annual rate is 6.07%. B A; the interest is compounded less frequently. B; the annual percentage rate is lower. D B; the effective annual rate is 6.07%

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