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If you could choose a loan that has 5.0% interest compounded daily or 5.0% interest

compounded monthly, which would you choose? Why?

 Jan 20, 2022
 #1
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A loan with compounding monthly interest compounds every month, whereas a loan with compounding daily interest compounds every day. This means that a loan with monthly interest is better.

 Jan 20, 2022
 #2
avatar+66 
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thanks

marky  Jan 20, 2022

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