Question
Liza has Php350,000 and she wants to invest it for 4.5 years. She has two options: Option A: invest in an account that pays 3%
Liza has Php350,000 and she wants to invest it for 4.5 years. She has two options: Option A: invest in an account that pays 3% simple interest rate Option B: invest in an account that pays 3% compounded daily What would you advise Liza? Why? Note: Apply 20% taxes
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Principles Of Managerial Finance
Authors: Chad Zutter, Scott Smart
16th Global Edition
1292400641, 978-1292400648
