If you can borrow funds from a finance company at 12 percent compounded weekly, the ear for the loan is nothing%. (round to two decimal places.) if you can borrow funds from a bank at 13 percent compounded semiannually, the ear for the loan is nothing%. (round to two decimal places.) based on the findings above, which alternative is more attractive? (select the best choice below.) a. the loan from the bank at 13 % compounded semiannually b. the loan from the finance company at 12 % compounded weekly

If compounded weekly =

No of weeks in a year=52

N= 52

EAR= (1+I/N)^N -1

=(1+0.12/52)^52 -1

=0.127=12.7% EAR

If compounded semiannually

N= 2

EAR= (1+0.13/2)^2 -1

=13.42%

It is better to borrow at 12% compounded weekly as the EAR is lower than 13% compounded semi annually.

Explanation:

a recipe serves 8 people, and calls for 5 lbs of apples and 2 cups of flour. you want to prepare it for 24 people. divide 24 by 8 to get 3, and then multiply your ingredients by 3.

so for 24 people, you'll need 15 lbs of apples, and 6 cups of flour.