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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.

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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 B b.Bank A c.Bank C d.Bank D

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