Question: Assume all else equal. When comparing loan offers, you should select the loan that has the: Question 9 options: Lowest effective annual rate Highest nominal

Assume all else equal. When comparing loan offers, you should select the loan that has the:
Question 9 options:
Lowest effective annual rate
Highest nominal rate.
Highest effect annual rate.
Lowest annual percentage rate.
Highest annual percentage rate.

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