Question $2(1\mathrm{.}5$ points$)$

To launch your new business, you'll need to secure a loan. First Bank offers a $6\%$

interest rate compounded quarterly, while Second Bank offers a $6\mathrm{.}0\%$ rate

compounded semi$-$annually. Which bank's loan terms would you opt for?

First Bank

Second Bank

I am indifferent, that rates are the same.

I would need to know the length of time to decide on which is most favorable.

None of the offer is appealing to me$.$