You are taking a short-term loan. Bank A offers 3.6% per annum, quarterly compounded, while Bank B offers 3.4% per annum
Posted: Fri Jul 01, 2022 7:42 am
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?