Question
QUESTION 16 Bank A pays 18.0% interest compounded semi-annually (i.e. every six months), while Bank B pays 17.4% interest compounded daily. Which of the following
QUESTION 16
Bank A pays 18.0% interest compounded semi-annually (i.e. every six months), while Bank B pays 17.4% interest compounded daily. Which of the following represent the actual annual returns earned in Bank A and Bank B?
| A. | 18.81% and 19.00% | |
| B. | 18.81% and 19.12% | |
| C. | 19.03% and 19.24% | |
| D. | 19.14% and 19.24% | |
| E. | 19.25% and 19.48% | |
| F. | 19.25% and 19.60% | |
| G. | 19.46% and 19.72% | |
| H. | 19.57% and 19.72% |
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Trade Union Finance
Authors: Marick F. Masters, Raymond Gibney
1st Edition
1032371382, 978-1032371382
