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Calculate the requested financial ratios

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Reference no: EM132442063

Question 1: You need to borrow money and you are considering two loans. The terms of the two loans are equivalent with the exception of the interest rates. Loan A offers a stated rate of 4.65% compounded daily. Loan B offers a stated rate of 4.70% compounded semi-annually. Which one do you prefer? You MUST show the calculation to support your choice.

Question 2: A credit card charges an annual rate of 15.5% compounded monthly. Your current month's bill is $4000. Suppose you keep paying $140 each month. How long will it take to pay off the bill? 

Question 3: Based on the financial statements provided below, please fill the missing numbers and calculate the requested financial ratios. Show all your work to get full credit.

Reference no: EM132442063

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