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Person a compound interest rate

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A person wanting to borrow $1250 for 15 months is quoted a discount rate of 12.25% at Bank A. The person is quoted a simple interest rate of 12.25% at Bank B. Bank C quotes the person a compound interest rate of 12.25% compounded monthly. As the person's financial advisor, which bank would you recommend?

Reference no: EM133112059

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