Murphy Gibbs
08/27/2024 · High School
35. Jane is planning to borrow money amounting to \( P 250,000.00 \) Limbon Rural Bank is offering \( 1.25 \% \) compounded semi - annually, while Buli Cooperative Bank offers \( 1 \% \) compounded monthly. After 5 years, which bank would result in Jane owing the least amount of money? A. Limbon Rural Bank B. Buli Cooperative Bank C. Both banks will result in the same amount owed. D. It's impossible to determine without knowing the loan term.
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Jane would owe less to Buli Cooperative Bank.
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