you received $874,000, 6 months ago from estate of your late aunt. today you want to invest

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you received $874,000, 6 months ago from estate of your late aunt. today you want to invest this money for a year and considering offers from 3 banks.

commomnwealth bank offering 17.5% per year compounded monthly

westpac bank offering 17.2% compounded quarterly and

ANZ offering 17.7% per year but compounded semi-annually.

which bank you would invest money. perform calculations.

Related Book For answer-question

Managerial Accounting

ISBN: 978-0078111006

14th edition

Authors: Ray Garrison, Eric Noreen and Peter Brewer

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Posted Date: Mar 13, 2024 02:47 AM

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you received $874,000, 6 months ago from estate of your late aunt. today you want to invest

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Commonwealth Bank vs Westpac Bank vs ANZ Based on the interest rates and compounding frequencies off... View the full answer

Managerial Accounting

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