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Mathematics, 15.02.2022 18:10 sil91

RJ has two loans. Loan H has a nominal rate of 5.68%, compounded daily. Loan I has a nominal rate of 6.33%, compounded monthly. Which loan's effective rate had the greater increase, relative to its nominal rate, and how much greater is its increase than that of the other loan? no one else had the right answer so i took one for the team and got 100%
ANSWER: .03%

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