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Bank #1 offers loans at 6.5% compounded annually. Bank #2 offers similar loans at 6.4% compounded daily. If you want to borrow money from one

Bank #1 offers loans at 6.5% compounded annually. Bank #2 offers similar loans at 6.4% compounded daily. If you want to borrow money from one of these two banks, all else is the same, which option is ...

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