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Question 2: MMM Bank charges 13.1 percent compounded monthly on its business loans. Sunrise Bank charges 13.4| percent compounded quarterly. As a potential borrower, which

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Question 2: MMM Bank charges 13.1 percent compounded monthly on its business loans. Sunrise Bank charges 13.4| percent compounded quarterly. As a potential borrower, which bank would you go to for a new loan? The preferred bank is

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