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You received three offers from the local banks: Bank A charges 9% compounded quarterly. Bank B charges 8.8% compounded monthly. Bank C charges 9.5% compounded

You received three offers from the local banks:

Bank A charges 9% compounded quarterly.

Bank B charges 8.8% compounded monthly.

Bank C charges 9.5% compounded semi-annually.

Which bank would you prefer if you need to borrow money?

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