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Question 2 ( 1 . 5 points ) To launch your new business, you'll need to secure a loan. First Bank offers a 6 %
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To launch your new business, you'll need to secure a loan. First Bank offers a
interest rate compounded quarterly, while Second Bank offers a rate
compounded semiannually. Which bank's loan terms would you opt for?
First Bank
Second Bank
I am indifferent, that rates are the same.
I would need to know the length of time to decide on which is most favorable.
None of the offer is appealing to me
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