Mathematics, 20.11.2020 22:50 brazilmade1

Say you are considering two loans. Loan F has a nominal interest rate of 5.66%, compounded monthly. Loan G has a rate of 6.02%, compounded semiannually. Which loan will give the lower effective interest rate, and how much lower will it be?

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Say you are considering two loans. Loan F has a nominal interest rate of 5.66%, compounded monthly....

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