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Potvin Potvin
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7 years ago
In order to open up your new business you need to take out a loan. First Bank charges 6% compounded quarterly, and Second Bank charges 6.5% compounded semi-annually. From which bank would you prefer to obtain your loan?
A) First Bank
B) Second Bank
C) Indifferent
Textbook 
Corporate Finance Online

Corporate Finance Online


Edition: 1st
Authors:
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BlimpBlimp
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7 years ago
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Pol. Sci. Major
Minoring in Business
Columbia University Sophomore

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Potvin Author
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#2
7 years ago
You're incredible, ty
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