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Calculate the following two options and indicate which of them would be more interesting. Please show your workings for each option. Putting all our savings
Calculate the following two options and indicate which of them would be more interesting. Please show your workings for each option.
- Putting all our savings in an account for 4 years at an annual interest rate of 9,5% compounded semiannually, and investing the total savings at that time for 3 more years at a 10% compounded quarterly.
- Putting all our savings in an account for 3 years at an annual interest rate of 9,3% compounded quarterly, and investing the total savings at that time for 4 more years at a 9,5% compounded monthly.
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Finance For A Better World
Authors: Henri-Claude De Bettignies, F. Lépineux
2009th Edition
0230551300, 978-0230551305
