The following 4 banks make the following offer: 1. 9% compounded monthly II. 9% compounded quarterly III. 9.5% compounded semi-annually IV. 10% compounded annually Which bank would you choose to borrow money from? I. IV. III. O II.

The following 4 banks make the following offer: I. 9% compounded monthly II. 9% compounded quarterly III. 9.5% compounded semi-annually IV. 10% compounded annually Which bank would you choose to borrow money from? IV