Question
Question 1 You have $1 000 000 available to invest for a period of 7 years. After investigating the local bank, you have complied the
Question 1
You have $1 000 000 available to invest for a period of 7 years. After investigating the local bank, you have complied the following table for comparison.
| Bank | Interest Rate | Compounding |
| CIBC | 8% | Quarterly |
| RBC | 10% | Semi-Annually |
| SCOTIA | 11% | Annually |
| TCI BANKING | 12% | Monthly |
Students are required to:
1. Calculate using excel; and (10 marks)
2. Calculate using the Present Value Tables. (20 marks)
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Corporate Financial Management
Authors: Glen Arnold
4th Edition
0273719068, 978-0273719069
