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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Fundamentals Of Business Mathematics In Canada

ISBN: 9781259370151

3rd Edition

Authors: F. Ernest Jerome, Jackie Shemko

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Question Posted: Oct 21, 2020 05:44 AM

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If an investor has the choice between rates of 1.5% compounded semiannually and 1.6% compounded annually for

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Compounded Annual rate for compound semiannual 15 15 15 ...View the full answer

Fundamentals Of Business Mathematics In Canada

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