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You have a choice of borrowing money from three sources as follows:- Finance Company A at 25% monthly compounding. Finance Company B at 24% daily

  1. You have a choice of borrowing money from three sources as follows:-
    1. Finance Company A at 25% monthly compounding.
    2. Finance Company B at 24% daily compounding
    3. Finance Company C at 25% quarterly compounding

Evaluate each alternative and determine which alternative is the most attractive?

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