Solved: Bank c demands 8 compounded quarterly bank d demands 8, Basic Statistics

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Bank c demands 8 compounded quarterly bank d demands 8

You request a personal loan form 4 different banks. Bank A demands 8% interest compound annually. Bank B demands 8% interest compounded semi-annually. Bank C demands 8% compounded quarterly. Bank D demands 8% compounded monthly. Which bank would be most rational to borrow from?

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Basic Statistics: Bank c demands 8 compounded quarterly bank d demands 8

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