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If you can borrow funds from a finance company at 19 percent

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Reference no: EM13970201

You have a choice of borrowing money from a finance company at 19% compounded daily or borrowing from a bank at 21% compounded weekly. 

Which alternative is the most attractive? 

If you can borrow funds from a finance company at 19% compounded daily, the EAR for the loan is ..... 

If you borrow fund from a bank at 21% compounded weekly, the EAR of this loan is ..... Based on the finding above, 

which alternative is more attractive? 

A) The loan from the Bank at 21% compounded weekly 

B) The loan from the finance company at 19% compounded daily.

Reference no: EM13970201

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