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Two banks both offer you a car loan. The first bank charges a rate ( in APR ) of 1 7 . 1 2 %
Two banks both offer you a car loan. The first bank charges a rate in APR of the second bank The first bank has monthly compounding,
whereas the second bank is on a daily compounding scheme. Which bank has a better rate? Enter if A is better and if B is better. assume days in a year
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