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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
- 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 compounding
- Finance Company C at 25% quarterly compounding
Evaluate each alternative and determine which alternative is the most attractive?
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