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Lisi Jiang needs to renovate her house. She has loan offers from two banks. Bank A is charging 1 3 percent interest compounded semiannually, while

Lisi Jiang needs to renovate her house. She has loan offers from two banks. Bank A is charging

13

percent interest compounded semiannually, while Bank B is charging

12

percent compounded monthly. Which of these loans would you recommend to Lisi?

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