Question
ou are considering the following loans. Assuming all else are equal, from which bank should you borrow? A. Bank A: the nominal annual interest rate
ou are considering the following loans. Assuming all else are equal, from which bank should you borrow?
A. Bank A: the nominal annual interest rate of 12.8% compounded annually.
B. Bank B: the nominal annual interest rate of 12.6% compounded annually.
C. Bank C: the nominal annual interest rate of 12.4% compounded semi-annually.
D. Bank D: the nominal annual interest rate of 12.2% compounded quarterly.
E. Bank E: the nominal annual interest rate of 12.0% compounded monthly.
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Financial Risk Manager Handbook
Authors: Philippe Jorion, Global Association Of Risk Professionals
5th Edition
0470479612, 978-0470479612
