Mathematics, 17.12.2020 21:40 tiahna1g

Say you are considering two bars, Loan F has a nominal interest rate of 5.66%, compounded monthly. Loan G has a rate of 6.02%, compounded semiannually, Which loan wil give the lower effective interest rate, and how much lower will it be?
Loan G's effective rate will be 0.091 percentage points lower than Loan F's.
Loan G's effective rate will be 0.058 percentage points lower than Loan F's.
Loan F's effective rate will be 0.302 percentage points lower than Loan G's.
d. Loan F's effective rate will be 0.149 percentage points lower than Loan G's.

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