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A friend is going to take out a $15 000 bank loan over 3 years to buy a secondhand car. Which of the following would

A friend is going to take out a $15 000 bank loan over 3 years to buy a secondhand car. Which of the following would you recommend? (i) 9.99% simple interest (ii) 8.76% interest compounded daily (iii) 8.71% interest compounded monthly

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