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Kylian just graduated from John Molson School of Business and knows that he should shop around for the best rates for his Jeep loan. He

Kylian just graduated from John Molson School of Business and knows that he should shop around for the best rates for his Jeep loan. He has summarized them below; which bank has the lowest effective interest rate? CIBC's loan offer is \\( 6.21 \\% \\) compounded monthly Toronto Dominion's loan offer is \\( 5.9 \\% \\) compounded weekly Bank of Montreal's loan offer is \\( 6.1 \\% \\) compounded annually

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