At which of the following banks would you suggest that Clever Robot Electronics invest its savings of

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At which of the following banks would you suggest that Clever Robot Electronics invest its savings of $200,000 for two years and why?

a. A bank in Kingston that provides an interest rate of 4.5% compounded annually.

b. A bank in London that provides an interest rate of 4.45% compounded monthly.

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Mathematics Of Business And Finance

ISBN: 9781927737545

4th Edition

Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans

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