Question: need answer fast. please show work. will rate thumbs up. You want to borrow $10,000 for home improvements. You visit several banks and collect the

need answer fast. please show work. will rate thumbs up.

You want to borrow $10,000 for home improvements. You visit several banks and collect the following quotes. Nominal Compounding rate frequency Bank A 12.00% weekly 12.10% monthly C 12.25% quarterly D 12.50% annually Of course, you select the bank that offers the best rate. What rate will you actually pay? Your Answer: 12.50 96 Answer units

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