Zack shopped around for a good interest rate to invest the prize amount that he received from
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Zack shopped around for a good interest rate to invest the prize amount that he received from a competition. He narrowed down his search to two banks: one was offering him 6.00% compounded semi-annually and the other 6.09% compounded annually. Which bank should he choose to save his prize money and why?
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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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