I have 20,400 in an account that gives me 5% semi-annual interest. The depository bank offers me

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I have 20,400 in an account that gives me 5% semi-annual interest. The depository bank offers me to change this money.An account with quarterly interest compounding.

What minimum quarterly interest do they have to offer me in the new account for me to be interested in changing?

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Posted Date: Jul 18, 2023 02:18 AM

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I have 20,400 in an account that gives me 5% semi-annual interest. The depository bank offers me

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Income Tax Fundamentals 2013

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