Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Comparison the effect of the interest rates offered by the banks on the total savings between 2 Commercial Banks Bank A Bank B if both
Comparison the effect of the interest rates offered by the banks on the total savings between 2 Commercial Banks
Bank A
Bank B
if both banks have the same figures and answers what would the analysis be?? need help if possible within 30mins....thanks in advance
this is the only info we have
Formula : (1+r)-1 FV = PMT - Par[(*.*=] Values PMT = 300,000 t = 10 years r= 0.25% Calculations FV = 300000 (1+0.0025) 10-1 0.0025 1] = RM 3033975.987 Formula : (1+r)-1 FV = PMT - Par[(*.*=] Values PMT = 300,000 t = 10 years r= 0.25% Calculations FV = 300000 (1+0.0025) 10-1 0.0025 1] = RM 3033975.987Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started