Question
Three different banks have the following interest rates to attract the customers: Bank A: Quarterly interest rate of 3.25% Bank B: Four Week Monthly interest
Three different banks have the following interest rates to attract the customers:
Bank A: Quarterly interest rate of 3.25% Bank B: Four Week Monthly interest rate of 1% Bank C: Weekly interest rate of 0.25%
Find APR for each bank
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Practical Management Science
Authors: Wayne L. Winston, Christian Albright
5th Edition
1497
