Question: does thos question assume that interest ratecis borrowing rate so you pivk the lowest effective rate? of the following five interest rates, which is better?

does thos question assume that interest ratecis borrowing rate so you pivk the lowest effective rate?

of the following five interest rates, which is better? Ecobank rate: An interest rate of 24% per year compounded monthly, GCB rate: An interest rate of 24.5% per year compounded quarterly. NIB rate: An interest rate of 24.8% per year compounded every six month. Stanbic rate: An interest rate of 25.8% per year compounded yearly. Absa rate: An interest rate of 26% per year. O A GCB rate cobank Tate OC Brate D. Stanbic rate DE Abysarate Rec

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