Question
An online bank is offering to pay 0.15% interest per month on deposits. Your local bank offers to pay 0.75 % interest quarterly (every 3
An online bank is offering to pay 0.15% interest per month on deposits. Your local bank offers to pay 0.75 % interest quarterly (every 3 months). Which is the higher interest rate?
The EAR for the online bank is nothing. (Round to four decimal places.
The EAR for the local bank is nothing . (Round to four decimal places.
| which offer is better? |
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Financial Reporting Financial Statement Analysis And Valuation
Authors: James M Wahlen, Stephen P Baginskl, Mark T Bradshaw
10th Edition
0357722094, 978-0357722091
