Bobby is considering opening a new savings account at one of the following banks: Bank APR EAR
Fantastic news! We've Found the answer you've been seeking!
Question:
Bobby is considering opening a new savings account at one of the following banks:
Bank | APR | EAR |
Westpac | 2.41%, p.a. compounded quarterly | |
Loans.com.au | 2.31%, p.a. compounded weekly | |
Bank Australia | 2.35%, p.a. compounded monthly |
Fill out 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).
Posted Date: