Patrick had $2000 to invest. Which of the following options should he choose? (a) 4% compounded annually
Question:
(a) 4% compounded annually
(b) 3.75% compounded semi-annually
(c) 3.5% compounded quarterly
(d) 3.25% compounded monthly
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Usman Nasir
I did Master of Commerce in year 2009 and completed ACCA (Association of Chartered Certified Accountants) in year 2013. I have 10 years of practical experience inclusive of teaching and industry. Currently i am working in a multinational company as finance manager and serving as part time teacher in a university. I have been doing tutoring via many sites. I am very strong at solving numerical / theoretical scenario-based questions.
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Related Book For
Contemporary Business Mathematics with Canadian Applications
ISBN: 978-0133052312
10th edition
Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs
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