[Solved] Bank A charges 4% interest compounded mon

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Bank A charges 4% interest compounded monthly on deposits, while Bank B charges 3.95%compounded daily. Which bank should you use getting loan? You must show

Bank A charges 4% interest compounded monthly on deposits, while Bank B charges 3.95%compounded daily. Which bank should you use getting loan? You must show how you get your answer! This is not a flipping a coin question!

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