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You want to buy a new sports coupe for $104,202, and the finance office at the dealership has quoted you a loan with an APR

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You want to buy a new sports coupe for $104,202, and the finance office at the dealership has quoted you a loan with an APR of 5.49 percent for 24 months to buy the car. Your monthly payments (in $) will be: Answer to two decimals. You want to borrow $200,000. Three banks will loan you the money under the following terms: Bank A: 6.02% with monthly compounding; Bank B: 5.975% with weekly compounding: Bank C: 5.987% 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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