Would you prefer a savings account that paid 8% interest compounded quarterly, 6.8% compounded monthly, 8%...
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Would you prefer a savings account that paid 8% interest compounded quarterly, 6.8% compounded monthly, 8% compounded semiannually, 7.2% compounded semiannually, or an account that paid 7.5% with annual compounding? a. 8% compounded semiannually Ob. 7.2% compounded semiannually пизду C. 7.5% compounded annually d. 6.8% compounded monthly e. 8% compounded quarterly Would you prefer a savings account that paid 8% interest compounded quarterly, 6.8% compounded monthly, 8% compounded semiannually, 7.2% compounded semiannually, or an account that paid 7.5% with annual compounding? a. 8% compounded semiannually Ob. 7.2% compounded semiannually пизду C. 7.5% compounded annually d. 6.8% compounded monthly e. 8% compounded quarterly
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Answer i The correct option is E EAR1APRmm1 where mcompounding periods EAR ... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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