If the interest rate on a saving account is now 1% and becomes 0.5% next year, the
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Question:
If the interest rate on a saving account is now 1% and becomes 0.5% next year, the investor who starts investing
A. in a saving account now will get 1% in the first year and 1 % in the second year.
B. in a saving account now will get 1% for the first year and 0.5% for the second year.
C. in a saving account in one year time will get 1% in the first year
D. in a saving account in one year time will get 0.5% the first year and for sure 0.5% in the second yea
Related Book For
Fundamentals Of Corporate Finance
ISBN: 9780135811603
5th Edition
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
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