Question: You are considering five loan offers. The only significant difference between them is their interest rates. Given the following information, which offer should you accept?

You are considering five loan offers. The only significant difference between

You are considering five loan offers. The only significant difference between them is their interest rates. Given the following information, which offer should you accept? (Assume a 365-day year.) (Hint: use 4 decimals) Offer A: 6.75 percent APR with daily compounding. Offer B: 6.8 percent APR with monthly compounding. Offer C: 7 percent APR with annual compounding. Offer D: 6.825 percent APR with quarterly compounding. Offer E: 6.88 percent APR with semiannual compounding. Offer A O Offer B o Offer C o Offer D o Offer E

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