Your bank is offering you three choices

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Reference no: EM131987358

Suppose you need to borrow money and your bank is offering you three choices: option A charges a 22% interest rate and you make annual payments, option B charges 21% and you make monthly payments, and option C charges 20% and you make weekly payments (note: there are 52 weeks in a year). Which option is better for you?

Reference no: EM131987358

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