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2. Jordan needs to borrow $4500 to buy his first car. If he is not making payments and he will pay it off in one lump sum in 5 years, which option is better for him to choose from the following:a) 3.4% annually for 5 years compounded monthly? OR b) 3.9% annually for 5 years compounded semi-annually. Show all the calculations to get the full credit.

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