Suppose you can borrow money at 8.6% per year (APR) compounded semiannually or 8.4% per year (APR)

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Suppose you can borrow money at 8.6% per year (APR) compounded semiannually or 8.4% per year (APR) compounded monthly. Which is the better deal?

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Fundamentals of Corporate Finance

ISBN: 978-0077861629

8th edition

Authors: Richard Brealey, Stewart Myers, Alan Marcus

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Question Posted: Jun 30, 2016 09:11 AM

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Suppose you can borrow money at 8.6% per year (APR) compounded semiannually or 8.4% per year (APR)

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Semiannual compounding means that the 86 loan really ...View the full answer

Fundamentals of Corporate Finance

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