Sandya is shopping around for the best rate on a loan Which of the following options is the best West Washington Bank 8 75 compounded monthly New Market Bank 9 00 compounded annually Jefferson Bank 8 89 compounded daily Liberty Credit Union 9 25 compounded annually

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Sandya is shopping around for the best rate on a loan. Which of the following options is the best? West Washington Bank: 8.75% compounded monthly

Sandya is shopping around for the best rate on a loan. Which of the following options is the best?

West Washington Bank: 8.75% compounded monthly
New Market Bank: 9.00% compounded annually
Jefferson Bank: 8.89% compounded daily
Liberty Credit Union: 9.25% compounded annually

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