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Posted on Oct 19, 2024

Royal Grandora Bank charges 1 3 . 2 % compounded monthly on its business loans. First United Bank charges 1 3 . 5 % compounded

Royal Grandora Bank charges

13.2 %

compounded monthly on its business loans. First United Bank charges

13.5 %

compounded semiannually. As a potential borrower, which bank would you go to for a new loan?

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