Question
Supposing you are in-charge for investing surplus cash of a Firm, which one of the following bank would maximize your return? Bank APR m 1
Supposing you are in-charge for investing surplus cash of a Firm, which one of the following bank would maximize your return?
| Bank | APR | m |
| 1 | 20.00% | 1 |
| 2 | 19.97% | 12 |
| 3 | 19.80% | 365 |
| 4 | 19.75% | Continuous |
Note: m = No of Compoundings in a year
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Local Public Finance
Authors: René Geissler, Gerhard Hammerschmid, Christian Raffer
1st Edition
3030674681, 978-3030674687
