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?(Compound interest with nonannual periods?) After examining the various personal loan rates available to? you, you find that you can borrow funds from a finance company at an APR of 99 percent compounded quarterly or from a bank at an APR of 10 percent compounded weekly Which alternative is more? attractive?

If you borrow ?$100 from a bank at an APR of 10 percent compounded weekly for 1 ?year, how much do you need to payoff the? loan?

Please show all work and the formula that is used.

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Financial Management, Finance

Category:- Financial Management
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