Bank A is lending money at 5.35% interest compounded quarterly. The rate at Bank B is 5.4% compounded annually, and the rate at

Question

Bank A is lending money at 5.35% interest compounded quarterly. The rate at Bank B is 5.4% compounded annually, and the rate at Bank C is 5.3% compounded monthly. Which bank will you pay the least interest?
Choose the correct answer.
Bank B
Bank C
Bank A
.……..

Kunduz · Accepted Answer

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