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5. US Bank charges 12.00% compounded monthly on its business loan. BankIowa charges 12.40% compounded semiannually. As a potential borrower, which bank would you go

5. US Bank charges 12.00% compounded monthly on its business loan. BankIowa charges 12.40% compounded semiannually. As a potential borrower, which bank would you go to for a new loan?

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