Question: Five Guys Co. is considering taking loans from two banks. First National Bank charges APR = 9.1% compounded daily on its loans (360 days per

Five Guys Co. is considering taking loans from two banks. First National Bank charges APR = 9.1% compounded daily on its loans (360 days per year). First United Bank charges APR = 9.3% compounded semiannually. Which bank would Five Guys choose?

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