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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Related Book For
Mathematics Of Business And Finance
ISBN: 9781927737545
4th Edition
Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans
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