Mathematics, 09.02.2021 01:00 angelak461

Anthony is choosing between four loans. Loan P has a nominal rate of 10.395%, compounded daily. Loan Q has a nominal rate of 10.508%, compounded weekly. Loan R has a nominal rate of 10.69%, compounded monthly. Loan S has a nominal rate of 10.79%, compounded annually. Which loan will give Anthony the best effective interest rate?

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Anthony is choosing between four loans. Loan P has a nominal rate of 10.395%, compounded daily. Loan...

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