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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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