Po wants to borrow $10 000.00 to buy a car. The car dealership offers to finance theloan at 13% compounded

Po wants to borrow $10 000.00 to buy a car. The car dealership offers to finance theloan at 13% compounded semi-annually. Po’s
bank will give him a personal loan
of 12% compounded quarterly. Po is unable to make payments for 2 years.
a.
Calculate the value of each loan.

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