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QUESTION 3 Bobby is considering opening a new savings account at one the following banks: Bank APR EAR Westpac 2.81%, p.a. compounded quarterly Loans.com.au 2.71%,
QUESTION 3 Bobby is considering opening a new savings account at one the following banks: Bank APR EAR Westpac 2.81%, p.a. compounded quarterly Loans.com.au 2.71%, p.a. compounded weekly Bank Australia 2.75%, p.a. compounded monthly Fill in the EARs in the blanks in the table above. Enter your answers in a percentage format with two decimals (e.g. 12.34% not 0.1234). Fill in the blanks: Based on pure financial factors I would choose When making the final decision I would also consider the following non-financial factors (up to 20 words), which is most important to me because (up to 40 words)
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