You were looking for a loan and had secured the following three quotes from local banks.
1) bank A: 10.45% p.a., compounded monthly
2) bank B: 10.6% p.a., compounded quarterly
3) bank C: 11% p.a., compounded annually
Which bank offers the best loan deal?

Question

Quizplus · Accepted Answer

The Answer of You were looking for a loan and had secured the following three quotes from local banks.
1) bank A: 10.45% p.a., compounded monthly
2) bank B: 10.6% p.a., compounded quarterly
3) bank C: 11% p.a., compounded annually
Which bank offers the best loan deal?

You Were Looking for a Loan and Had Secured the Following