Business Book Publishing needs to borrow $700,000 in order to finance its new inventory.  Two banks in town offered different loan terms:  Marine Bank offered a 10% loan with a 15% compensatory balance to be paid back in quarterly payments.  McLean National Bank offered Business Book Publishing a 12% loan to be paid back semi-annually.  Which loan terms should Business Book publishing take?  

Business Book Publishing needs to borrow $700,000 in order to finance its new inventory.  Two banks in town offered different loan terms:  Marine Bank offered a 10% loan with a 15% compensatory balance to be paid back in quarterly payments.  McLean National Bank offered Business Book Publishing a 12% loan to be paid back semi-annually.  Which loan terms should Business Book publishing take?