You have received a bonus of $5,000 that you would like to invest. You have three choices:
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Question:
You have received a bonus of $5,000 that you would like to invest. You have three
choices: BMO savings account which earns 15% compounded daily; TD savings
account which earns 15.5% compounded quarterly; and CIBC savings account which
earns 16% compounded annually. Which would you choose and why?
Related Book For
Personal Finance Turning Money into Wealth
ISBN: 978-0134730363
8th edition
Authors: Arthur J. Keown
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