Question
You need a loan and have offers from four different banks. They are all offering the same annual percentage rate (APR), 12%, but the difference
You need a loan and have offers from four different banks. They are all offering the same annual percentage rate (APR), 12%, but the difference is that they are offering you different compounding periods? Which of the following is the best for you?
a- One period per year
b-Twelve periods per year
c-Two periods per year
d-Six periods per year
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Should pay 12 periods per year reason being if you pay on a monthl...
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Practical financial management
Authors: William r. Lasher
5th Edition
0324422636, 978-0324422634
