Which alternative would you prefer: (1) 1 percent a month, compounded monthly, or (2) 1/2 percent a
Question:
Which alternative would you prefer:
(1) 1 percent a month, compounded monthly, or
(2) 1/2 percent a month, compounded semimonthly (24 periods)?
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Related Book For 
Investments Analysis And Management
ISBN: 9781118975589
13th Edition
Authors: Charles P. Jones, Gerald R. Jensen
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