I want to take a loan and I have two options:
- Euros APR: 7.2% terms: 10 years
- Yuan APR: 9.2% terms: 5 years
I have taken some financial classes so I have a vague idea about it. I know there is an equilibrium that I can use. However, I don't know how to find the corresponding risk-free rates and I don't know whether the equilibrium makes much sense in real life since the interest and exchange rates will change over time. Could you tell me how to compare the two APRs?