A bank is trying to decide whether to advertise some new 18-month certificates of deposit (CDs) at

Question:

A bank is trying to decide whether to advertise some new 18-month certificates of deposit (CDs) at 6.52%, compounded quarterly, or at 6.48%, compounded continuously. Which rate is a better investment for the consumer who buys such a CD? Which rate is better for the bank?
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: