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As the newly appointed Finance manager, your first assignment is to negotiate with your bank on a new loan. You need one year funding for your project. Your banker has offered you the 1 year loan with the following compounding options:

12.00% Annually

11.90% 6 monthly

11. 80% quarterly

11.60 % monthly

Which one should you prefer?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92083999

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