Which bank would you choose if the deposit period is at least one year, given the following
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Question:
Which bank would you choose if the deposit period is at least one year, given the following conditions?
Bank A offers an 8% annual interest rate compounded semiannually.
Bank B offers a 7.9% annual interest rate compounded monthly.
Bank C offers a 7.8% annual interest rate compounded daily.
You have $500 to invest.
Related Book For
Microeconomics An Intuitive Approach with Calculus
ISBN: 978-0538453257
1st edition
Authors: Thomas Nechyba
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