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You wish to borrow $2,500for 4 years to start a business. You approach different lenders...

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Finance

You wish to borrow $2,500for 4 years to start a business. You approach different lenders who have the following offers. Which is the best lender to borrow from? All percentage rates are rounded to 6 decimal places.

Question 5Select one:
a.

13.541565% pa APR compounding semi-annually where there are exactly 2 semi-annual periods per year.

b.

13.101698% pa APR compounding daily where there are exactly 365 days per year.

c.

6.770783% as an effective semi-annual rate where there are exactly 2 semi-annual periods per year.

d.

0.252295% as an effective weekly rate where there are exactly 52 weeks per year.

e.

I'll lend you the $2,500now if you pay me a single payment of $4,222.4 in 4 years, with no other payments in between.

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