Question: TD Bank charges 4 . 1 % per year ( APR ) compounded monthly on its business loan. Royal Bank of Canada charges 4 .

TD Bank charges 4.1% per year (APR) compounded monthly on its business loan. Royal Bank of Canada charges 4.2% per year (APR) compounded quarterly on its business loan. Which bank would you prefer as a potential borrower?
Question 9 options:
TD Bank
Both are same
Can't say
Royal Bank of Canada

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