Question
Suppose Brian has $1000 to lend to one of two friends for 6 months. The first friend, Tom, is offering to pay him 9% interest
Suppose Brian has $1000 to lend to one of two friends for 6 months. The first friend, Tom, is offering to pay him 9% interest compounded quarterly. The second friend, Steven, is willing to pay him 8.8% interest compounded daily.
a) Compute the future value if Brian were to give his $1000 to Tom.
Pls Be fast
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The Bank Merger Wave
Authors: Gary Dymski
1st Edition
0765603829, 978-0765603821
