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Andrew is choosing between four loans. Loan P has a nominal rate of 10. 393%, compounded daily. Loan Q has a nominal rate of 10. 516%, compounded weekly. Loan R has a nominal rate of 10. 676%, compounded monthly. Loan S has a nominal rate of 10. 755%, compounded annually. Which loan will give Andrew the best effective interest rate? a. Loan P b. Loan Q c. Loan R d. Loan S Please select the best answer from the choices provided A B C D.

Sagot :

annalisyortega03

Answer:

It is D

Step-by-step explanation:

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