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Four banks - A - B - C - and D - charge interest - respectively - at the rate of 8.06% compounded monthly - 8.12% compounded quarterly - 8.25% compounded semiannually - and 8.35% compounded annually. Which of these four banks charges the highest finance charge on the money borrowed?

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Four banks - A - B - C - and D - charge interest - respectively - at the rate of 8.06% compounded monthly - 8.12% compounded quarterly - 8.25% compounded semiannually - and 8.35% compounded annually. Which of these four banks charges the highest finance charge on the money borrowed?






 
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