Question
A bank has decided to set its interest rates to compound monthly on all deposits in order to give customers the same benefits as its
A bank has decided to set its interest rates to compound monthly on all deposits in order to give customers the same benefits as its current offering of 4.50% compounded quarterly. At what value should the monthly compounded interest rate be set?
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Financial Systems In Troubled Waters Information Strategies And Governance To Enhance Performances In Risky Times
Authors: Alessandro Carretta , Gianluca Mattarocci
1st Edition
0415628792, 978-0415628792
