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You want to borrow $200,000. Three banks will loan you the money under the following terms: Bank A: 6.060% with monthly compounding; Bank B: 5.973%

You want to borrow $200,000. Three banks will loan you the money under the following terms: Bank A: 6.060% with monthly compounding; Bank B: 5.973% with weekly compounding; Bank C: 5.958% with daily compounding. From which bank should you accept a loan? (Assume 12 months, 52 weeks, and 365 days in the year)

Answer by entering, in percent to four decimals, the effective rate for the bank whose loan you should accept.

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