Homework: Chapter 5 Homework HW Score: 75%, 6 of 7 of 7 (5 complete) Score:...
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Finance
Homework: Chapter 5 Homework HW Score: 75%, 6 of 7 of 7 (5 complete) Score: 0 of 1 pt P5-35 (similar to) Question Help (Related to Checkpoint 5.7) (Calculating an EAR) After examining the various personal loan rates available to you, you find that you can borrow funds from a finance company at 12 percent compounded semiannually or from a bank at 13 percent compounded weekly. Which alternative is more attractive? If you can borrow funds from a finance company at 12 percent compounded semiannually, the EAR for the loan is 11%. (Round to two decimal places.) Enter your answer in the answer box and then click Check Answer, Clear All Check Answer 2 pants remaining
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