A bank offers you two alternative interest schedules for a savings account of $100,000 locked in for

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A bank offers you two alternative interest schedules for a savings account of $100,000 locked in for 3 years: ( a ) a monthly rate of 1%; ( b ) an annually, continuously compounded rate ( r cc ) of 12%. Which alternative should you choose?

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Investments

ISBN: 9780073530703

9th Edition

Authors: Zvi Bodie, Alex Kane, Alan Marcus

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