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Daniel needs to borrow $25,000 for 5 years. The loan will be repaid in one lump sum at the end of the loan term. Which

Daniel needs to borrow $25,000 for 5 years. The loan will be repaid in one lump sum at the end of the loan term. Which one is the most beneficial for Daniel?

		6% compounding interest with annual compouding
		5% compound interest with semiannual compounding
		5% simple interest
		6% simple interest.

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