Even if the five banks provided the same effective annual rate, would a rational investor be indifferent between the It is more likely that an investor would prefer the bank that compounded more $v$ frequently.

Suppose you borrow $$14,000.$ The interest rate is $6\%,$ and it requires $4$ equal end$-$of$-$year payments. Set up an amortizati ending loan balances. Round your answers to the nearest cent. If your answer is zero, enter $"0",$

between interest and principal repayment over time.

$6000-1$ Breakdown of payments