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105. Comparing Loans Bank A is lending money at 6.4% interest compounded annually. The rate at Bank B is 6.3% compounded monthly, and the rate

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105. Comparing Loans Bank A is lending money at 6.4% interest compounded annually. The rate at Bank B is 6.3% compounded monthly, and the rate at Bank C is 6.35% compounded quarterly. At which bank will we pay the least interest? 106. Future Value Suppose $10,000 is invested at an annual rate of 2.4% for 10 yr. Find the future value if interest is compounded as follows. a. annually b. quarterly c. monthly d. daily (365 days)

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