www.bing.com/search6 a Test- Brandon Schrowang-Google Chrome ure https:/www.mathxl.com/Student/PlayerTest.aspx?testld 1833980028centerwl N 201 Summer 2018 Brandon Schrowail st: Multiple Chapter Test Chapters 4-5 graded Time Remaining: 0.28552 Sulemit Test Submit Test est: Multiple Chapter Test Chapters 4-5 graded Tme is Question: 4 pts 18 of 28 (21 complete) This Test: 100 pts possible Compound interest with nonannual periods) After examining the various personal loan rates available to you, you find that you can borrow funds from a finance company at an APR of 5 percent compounded semiannually or from a bank at an APR of 6 percent compounded monthly. Which alternative is more attractive? a. Iif you borrow $100 from a finance company at an APR of 5 percent compounded semiannuallty for 1 year, how much do you need to payof the loan? s(Round to the nearest cent.) b. If you borrow $100 from a bank at an APR of 6 percent compounded monthly for 1 year, how much do you need to payoff the loan? 4D (Round to the nearest cent.) C.Based on the findings in parts (a) and (b), which alternative is more attractive? (Select the best choice below.) OA. The loan from the finance company at an APR of 5% compounded semiannually. The loan from the bank at an APR of 6% compounded monthly hee O B. cal d in $1 m n in Calcul