Question: You would be making a wise decision if you chose to: accept the loan with the lower effective annual rate rather than the loan with

You would be making a wise decision if you chose to: accept the loan with the lower effective annual rate rather than the loan with the lowe base decisions regarding investments on effective rates and base decisions regarding 10 assume all loans and investments are based on simple interest.invest in an account paying 6 percent, compounded quarterly, rather than an account part ignore the effective rates and concentrate on the annual percentage rates for all transcatis

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