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you are borrowing money that musy be paid back after 6 months. You are given the...

you are borrowing money that musy be paid back after 6 months. You are given the following 12%per year, 11%per year compounded daily, 1% per month and 11.5% per year compounded monthly . Determine the effective semi annual intrest rate. which loan option do you prefer?

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jeff jeffy answered 2 years ago
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