d. You need to borrow $20,000 to buy a car. Bank A is charging you a stated rate of 4% compounded every month; you must make monthly payments for 5 years. Bank Bis charging you 3.9% compounded continuously; you also must make monthly payments for 5 years. Which deal do you like better: Bank A's or Bank B's? Bana A (1+(04/12)^12-1=0 B (1+(-039/12)^12-1= 8.57452 e You need to borrow $20,000 to buy a car. Bank x is charging you a stated rate of 6% compounded every month you must make monthly payments for 5 years. Bank 2 is charging you 5.9% compounded continuously, you also must make monthly payments for 5 years Which deal do you laa better Bank X's or Bank Z X 1+ (06/12)^12-1 = -1 2 171-00112) ^ 12-1 = 0 Bana x