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First National Bank offers a six per cent every six months on its business deposits. First United Bank offers a 12 APR, which compounds quarterly,
First National Bank offers a six per cent every six months on its business deposits. First United Bank offers a 12 APR, which compounds quarterly, on qualifying business accounts. Which deposit account is more advantageous for a net saver? O A. OB. O C. O D. O E. First National Bank's deposits because their EAR is 12.36 per cent. Any net saver should be indifferent because the monthly rate is one per cent on both accounts. First United Bank's deposits because their EAR is 12.55 per cent. First National Bank's deposits because their APR is 12.36 per cent Any net saver should be indifferent because the semi-annual rate is six per cent on both accounts. Fint National Bank offers a six per cent every six months on its business deposits. First United Bank offers a 12 APR, which compounds quarterly, on qualifying business accounts. Which deposit account is more advantageous for a net saver? First National Bank's deposits because their EAR is 12.36 per cent. B. Any net saver should be indifferent because the monthly rate is one per cent on both accounts: C. Fint United Bank's deposits because their EAR is 12.55 per cent. D. First National Bank's deposits because their APR is 12.36 per cent E. Any net saver should be indifferent because the semi-annual rate is six per cent on both accounts
First National Bank offers a six per cent every six months on its business deposits. First United Bank offers a 12 APR, which compounds quarterly, on qualifying business accounts. Which deposit account is more advantageous for a net saver? O A. OB. O C. O D. O E. First National Bank's deposits because their EAR is 12.36 per cent. Any net saver should be indifferent because the monthly rate is one per cent on both accounts. First United Bank's deposits because their EAR is 12.55 per cent. First National Bank's deposits because their APR is 12.36 per cent Any net saver should be indifferent because the semi-annual rate is six per cent on both accounts.
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