Compound Frequency Say that you own a small business,which you plan to expand.Your expansion plans include borrowing $100,000 from the bank with a five-year,amortized loan.The bank has given you three loan choices:
Annual payments at 8.85 percent APR
Quarterly payments at 8.75 percent APR
Monthly payments at 8.65 percent APR

Question

Quizplus · Accepted Answer

The Answer of Compound Frequency Say that you own a small business,which you plan to expand.Your expansion plans include borrowing $100,000 from the bank with a five-year,amortized loan.The bank has given you three loan choices:
Annual payments at 8.85 percent APR
Quarterly payments at 8.75 percent APR
Monthly payments at 8.65 percent APR

Compound Frequency Say That You Own a Small Business,which You