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A borrower who borrows money from the bank, which of the following would he choose? A) An account that pays 10% nominal interest with monthly

A borrower who borrows money from the bank, which of the following would he choose?

A) An account that pays 10% nominal interest with monthly compounding.

B) An account that pays nominal interest with daily compounding.

C) An account that pays 10% nominal interest with quarterly.

D) An account that pays nominal interest with annual compounding.

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