A bank offers you 4 different type of interest rate package for your investment. Package I, J₄ =8%; Package II, J₁₂ =7.5%; Package III, J₂ =8.2%; Package IV, J₃₆₅ =7.2%; which of the above mentioned package gives you the best annual return?

Answer rating: 100% (QA)

The package with the best annual returns can be obtained by computi... View the full answer