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To expand your business, you are considering getting a loan from a bank. You visited 4 banks and you are quoted the following. Which bank

To expand your business, you are considering getting a loan from a bank. You visited 4 banks and you are quoted the following. Which bank will you choose and why? Bank A offers 16.00% compounded annually. Bank B offers 15.50% compounded semi-annually. Bank C offers 15.10% compounded quarterly. Bank D offers 15.00% compounded monthly.

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