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1 compute the apr and ear of both loans 2 which loan should

You decide to borrow $100,000 with a choice of two 4-year loans:

Plan A requires quarterly payments of $3,100 for the first year, $7,100 for the second and third year, and $11,100 for the fourth year.

Plan B requires quarterly payments of $11,000 for the first year, $7,000 for the second and third year, and $3,000 for the fourth year.

1.) Compute the APR and EAR of both loans

2.) Which loan should you take and why?

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Business Management: 1 compute the apr and ear of both loans 2 which loan should

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