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Suppose you need to borrow money. Bank X charges 10.000% compounded monthly on its loans; Bank Y charges 10.300% semiannually; Bank Z charges 10.550% compounded

Suppose you need to borrow money. Bank X charges 10.000% compounded monthly on its loans; Bank Y charges 10.300% semiannually; Bank Z charges 10.550% compounded annually. Which bank is best for you?

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