Question: You want to borrow $ 1 0 0 for one year. Bank A charges 6 % compounded weekly Bank B charges 5 . 9 %

You want to borrow $100 for one year. Bank A charges 6% compounded weekly Bank B charges 5.9% compounded daily. Both rates are APR. Which bank would you prefer to borrow from
You want to borrow $100 for one year. Bank A charges

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