Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Please explain step by step without table and graph thankyou.

Alaska USA Federal Credit Union charges 13.9 percent compounded monthly on its loans. First
National Bank of Alaska charges 14.4 percent compounded semiannually. As a potential borrower,
to which bank should you go for a loan?
First National because it offers a lower EAR (14.92%)
First National because it offers a higher APR
Alaska USA because it offers a higher EAR (15.05%)
Alaska USA because it offers a lower APR
Alaska USA because it offers a lower EAR (14.82%)
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Transcribed Image Text:Alaska USA Federal Credit Union charges 13.9 percent compounded monthly on its loans. First National Bank of Alaska charges 14.4 percent compounded semiannually. As a potential borrower, to which bank should you go for a loan? First National because it offers a lower EAR (14.92%) First National because it offers a higher APR Alaska USA because it offers a higher EAR (15.05%) Alaska USA because it offers a lower APR Alaska USA because it offers a lower EAR (14.82%)
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