Tim is trying to decide which loan is better. Bank A offers

Last updated: 7/15/2022

Tim is trying to decide which loan is better. Bank A offers compounded weekly, while Bank B offers a 10 year loan at a rate of 5.75% compounded continuously. 15 year loan at a rate of 4.5% Tim wants the loan that will result in the lowest total owed. If he is borrowing $4,800, which loan should he take?