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Ahmad plans to invest his RM 10,000 of saving. He got two banks that give him a good return. Bank A offers 13% compounded monthly
Ahmad plans to invest his RM 10,000 of saving. He got two banks that give him a good return. Bank A offers 13% compounded monthly while Bank B offers 13.6% compounded semi-annually. He plans to invest all his saving at one bank only. Help him to choose which bank should he invest. Then, calculate the total compound amount if he plans to invest for 7 years 6 month.
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Auditing And Assurance Services An Integrated Approach
Authors: Alvin A. Arens . Randal J. Elder . Mark S. Beasley
15th Global Edition
0273790005, 978-0273790006
