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Question 7 3 pts (Chapter 4) Your want a loan and go to 5 banks. Bank A charges 3.34 percent, compounded daily. Bank B charges

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Question 7 3 pts (Chapter 4) Your want a loan and go to 5 banks. Bank A charges 3.34 percent, compounded daily. Bank B charges 3.35 percent, compounded weekly. Bank C charges 3.36 percent, compounded monthly. Bank D charges 3.38 percent, compounded quarterly, and Bank E charges 3.40 percent, compounded annually. Which bank will you choose? (Assume a 365-day year and use 4 decimal places.) Bank A O Bank B Bank C O Bank D O Bank E

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