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QUESTION
All else equal, the effective annual rate of interest for a bank loan paid back in quarterly installments will be __________ a bank loan paid back in...
All else equal, the effective annual rate of interest for a bank loan paid back in quarterly installments will be __________ a bank loan paid back in monthly installments.
Select one:
A. less thanB. more thanC. equal toD. The answer cannot be determined from the informatin provided.