If an investor has the choice between rates of 1.5% compounded semiannually and 1.6% compounded annually for
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If an investor has the choice between rates of 1.5% compounded semiannually and 1.6% compounded annually for a six-year GIC, which rate should be chosen?
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Compounded Annual rate for compound semiannual 15 15 15 ...View the full answer
Related Book For
Fundamentals Of Business Mathematics In Canada
ISBN: 9781259370151
3rd Edition
Authors: F. Ernest Jerome, Jackie Shemko
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