Puan Delima is considering depositing her money into one of the banks for three years. She now

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Puan Delima is considering depositing her money into one of the banks for three years. She now has RMIO,OOO in her hand. She is considering the three following alternatives: Alternative 1: Bank A offers 10% interest rates compounded yearly. Alternative 2: (4 Marks) Bank B offers 12% interest rates compounded semi-annually. Alternative 3: (4 Marks) Bank C offers 16% interest rates compounded quarterly. (4 Marks) You are required to calculate the value of money for each alternative. Based on the calculation which bank should Puan Delima choose? Explain your

Posted Date: May 10, 2024 03:26 AM

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Puan Delima is considering depositing her money into one of the banks for three years. She now

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