Question: In addition,Could u please explain when I need to transfer the ARP to EAR?thank u! Question 2 Rachael wants to borrow $6,000 for a period

In addition,Could u please explain when I need to transfer the ARP to EAR?thank u!

Question 2 Rachael wants to borrow $6,000 for a period of four years. She has two choices. Her bank is offering to lend her the amount at 7.25% p.a. compounded monthly. She can also borrow from her company and will have to repay a total of $8,130.93 at the end of four years. Should Rachael go with her bank or the company, and what is the interest rate if she borrows from her company

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