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QUESTION
Larry is considering two bank loans. Bank A is offering a loan at 5.21% interest paid at the end of one year, annual compounding. Bank B is offering...
Larry is considering two bank loans. Bank A is offering a loan at 5.21% interest paid at the end of one year, annual compounding. Bank B is offering a 5.15% interest loan, compounded quarterly, paid at the end of one year. Which bank loan should Larry select?
