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plz answer give on sheet with proper format and and formula handwrting ). Assume that the following interest rates and compounding periods are offered by
plz answer give on sheet with proper format and and formula handwrting
). Assume that the following interest rates and compounding periods are offered by Pakistani banks (For simplicity assume both lending and borrowing rates are the same). No Bank Name Nominal Interest Rate Compounding NBP 9.8_% (Put 1st Digit) Quarterly UBL 9.4_% (Put 2nd Digit) Weekly (Assume 50 weeks in a year) HBL 9.6_% (Put 3rd Digit) Monthly ABL 10.10% Annually .. If you have savings and want to deposit with one of the banks then which of the banks will you choose? Justify your answer. -). If you are in need of money and want to borrow from one of the banks then which of the banks will you choose? Justify your answer. (2+4 = 6 Marks)Step by Step Solution
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