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Suppose you have S2 million in a two-year account paying 6% no inal rate compounded annually. The second bank offers you an account a year).
Suppose you have S2 million in a two-year account paying 6% no inal rate compounded annually. The second bank offers you an account a year). If you move your account to the second bank, how much additional interest will you earn over the two years? or two years paying a 6% nominal rate, but compounded b monthly that is 6 t mes SO $7,290 $72,903 $6,400 $64,490
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