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In order to open up your new business you need to take out a loan. First Bank charges 6% compounded quarterly, and Second Bank charges

In order to open up your new business you need to take out a loan. First Bank charges 6% compounded quarterly, and Second Bank charges 6.5% compounded semi-annually. From which bank would you prefer to obtain your loan?

A. First Bank

B. Second Bank

C. Indifferent

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