You are taking a short-term loan. Bank A offers 3.6% per annum, quarterly compounded, while Bank B offers 3.4% per annum

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answerhappygod
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You are taking a short-term loan. Bank A offers 3.6% per annum, quarterly compounded, while Bank B offers 3.4% per annum

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You are taking a short-term loan. Bank A offers 3.6% per annum,quarterly compounded, while Bank B offers 3.4% per annum, monthlycompounded. Which one do you take and why?
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