Question
1. Assume you are evaluating two different savings account options. One bank is offering an APR of 1.2% compounded monthly (monthly interest rate of 0.1%).
1. Assume you are evaluating two different savings account options. One bank is offering an APR of 1.2% compounded monthly (monthly interest rate of 0.1%). The other bank is offering an APY of 1.25%. Assuming all other factors are equal, which offer is better?
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Financial Accounting Essentials You Always Wanted To Know Self Learning Management Series
Authors: Vibrant Publishers , Kalpesh Ashar
5th Edition
1636510973, 978-1636510972
