A company needs a short-term bank loan of $ 35,000,000 over a 12-month period. We can get this loan in one of the banks with the following conditions: Bank 1 requires 12% interest, loan and interest on the fund in 12 months. Bank 2 requires 8.5% interest, the loan is given 12 months in advance, and the interest is deducted from the beginning. Bank 3 requires 6% interest, the loan interests me 12 equal installments, while the interest is deducted from the beginning. What is the best alternative for society?

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