Bank A charges 9.63 percent compounded monthly on its business loans. Bank B charges 10.21 percent compounded semiannually. Bank C charges 9.85 percent compounded quarterly. Lastly, Bank D charges 9.8% compounded daily. As a potential borrower, which bank would you go to for a new loan?

Select one:

a.Bank A

b.Bank C

c.Bank B

d.Bank D