Harish is offered a loan from Bank A at 8% compounded semi-annually. Bank B offers similar terms,
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Harish is offered a loan from Bank A at 8% compounded semi-annually. Bank B offers similar terms, but at a rate of 8.16% compounded annually. Which loan should he accept?
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Related Book For 
Mathematics Of Business And Finance
ISBN: 9781927737545
4th Edition
Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans
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