First National Bank charges 10.9 percent compounded monthly on its business loans. First United Bank charges 11.1

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First National Bank charges 10.9 percent compounded monthly on its business loans. First United Bank charges 11.1 percent compounded semiannually. As a potential borrower, which bank would you go to for a new loan?

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Essentials of Corporate Finance

ISBN: 978-0078034756

8th edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

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Question Posted: Feb 23, 2017 02:03 AM

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First National Bank charges 10.9 percent compounded monthly on its business loans. First United Bank charges 11.1

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