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12. You are considering the following loans. Assuming all else are equal, from which bank should you borrow? (a) Bank A: annual interest rate of

12. You are considering the following loans. Assuming all else are equal, from which bank should you borrow? (a) Bank A: annual interest rate of 14% compounded annually. (b) Bank B: annual interest rate of 13% compounded annually. (c) Bank C: annual interest rate of 12.6% compounded semi-annually. (d) Bank D: annual interest rate of 12.4% compounded quarterly. (e) Bank E: annual interest rate of 12% compounded monthly.
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12. You are considering the following loans. Assuming all else are equal, from which bank should you borrow? (a) Bank A: annual interest rate of 14% compounded annually. (b) Bank B: anmual interest rate of 13% compounded annually. (c) Bank C: annual interest rate of 12.6% compounded semi-annually. (d) Bank D: annual interest rate of 12.4% compounded quarterly. (e) Bank E: annual interest rate of 12% compounded monthly

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