Question: You are offered two different loans with identical terms, except the interest rates are different. Loan A has a rate of 6% compounded monthly and

You are offered two different loans with identical terms, except the interest rates are different. Loan A has a rate of 6% compounded monthly and Loan B has a rate of 5.9% compounded weekly. Loan is better because A; the interest is compounded less frequently. B A; the effective annual rate is 6.07%. C B; the effective annual rate is 6.07%. D B; the annual percentage rate is lower

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