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Which bank do recommend to firm

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Willy Café Inc. needs to borrow $100,000 for a period of one year. There are three potential banks that agreed to lend the firm,

The first is a one-year loan from Bank One, the interest charged is 8% APR compounded daily, the second account, Max Saver account with Bank of Australia, charging 8.10% APR compounded monthly. The third offer is fromBank of Sydney, charging 8.25% APR compounded annually.

Question 1: As the CFO of Willy Café Inc., which bank do you recommend to your firm?

Reference no: EM132627395

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