Quiz 05.68 – Comparison of Interest Rates for Loan C and Loan D

Intermediate Accounting

Spiceland, Nelson, and Thomas

10th Edition

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Based on the given information that Loan C has the same principal amount, payment amount, and maturity date as Loan D, but Loan C is structured as an annuity due, while Loan D is structured as an ordinary annuity, what can be said about the interest rate of Loan C compared to Loan D?

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