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If you need to borrow $15000 from the bank which you will pay back in 4 years and bank A will charge you 3.6/year compounded
If you need to borrow $15000 from the bank which you will pay back in 4 years and bank A will charge you 3.6/year compounded yearly and bank B will charge you 3.2/year compounded daily, which is the better deal for you? justify your answer maathimatically
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