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4. You are late on bill payment of 10000$. The contractor offers you two options. To...

4. You are late on bill payment of 10000$. The contractor offers you two options. To have a late fee applied at

•An APR of 12% compounded monthly,

•An APR of 12% compounded daily.

Knowing that you will pay the bill in exactly one month, which option is better for you if the month has

(a) 30 days

(b) 31 days

Math   Calculus   
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