Question
Bobby is considering opening a new savings account at one of the following banks: Bank APR EAR Westpac 3.41%, p.a. compounded quarterly Loans.com.au 3.31%, p.a.
Bobby is considering opening a new savings account at one of the following banks:
| Bank | APR | EAR |
| Westpac | 3.41%, p.a. compounded quarterly | |
| Loans.com.au | 3.31%, p.a. compounded weekly | |
| Bank Australia | 3.35%, p.a. compounded monthly |
Fill in the EARs in the blanks in the table above. Enter your answers in a percentage format with two decimals (e.g. 12.34% not 0.1234).
Fill in the blanks: Based on pure financial factors I would choose--------- . When making the final decision I would also consider the following non-financial factor:---------- (up to 20 words), which is most important to me because-------- (up to 40 words).
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Valuation The Art and Science of Corporate Investment Decisions
Authors: Sheridan Titman, John D. Martin
3rd edition
978-0133479522
