You need to borrow $12,000 to pay your tuition plus room and board. One bank offers to
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You need to borrow $12,000 to pay your tuition plus room and board. One bank offers to loan you the money for 10 years at 5.0 percent interest compounded annually. Another bank offers you the loan at 4.75 percent interest compounded monthly. Which bank has the better deal?
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Shubham Mohnani
I have cracked various exams of aptitude reasoning english and I like teaching I make learning fun viz. we humans can retain something newly learned for lifetime if we enjoy the process and that's exactly what I do
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Related Book For 
Exploring Engineering An Introduction to Engineering and Design
ISBN: 978-0123747235
2nd edition
Authors: Philip Kosky, George Wise, Robert Balmer, William Keat
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