Price Waterhouse Coopers (PWC), one of the big accounting consultancy firms has recently recruited you as a Junior Finance Executive. Your first task is to advise to a client, on which of the following financing options would be best when seeking a loan which would be secured by the clients assets such as property and equity. Your problem solving skills need to be demonstrated, after analyzing the multiple cash flows carefully. Fill out the table below and rank your recommendation from 1-5, with 1 being the most recommended option and 5 being the least recommended option. Show your workings clearly and then fill out the table below. Please provide at least 2 decimal places in your answer.

Bank A B Term of loan 25 20 10 15 Frequency of repayment monthly yearly quarterly daily monthly years years years years years Annual interest rate 5% 10% 6% 10% 8% D E 15 365 days Assume 1 year is made up of The first payment is made at the end of the first period. Loan granted 3,000,000 AED Total Interest earned by the bank Recommendation to your client (Rank) Bank Total repayments A B D E