Question
west bank is offering an interest rate of 12% compounded quarterly on their cds. north bank wants to match an investor's return, but compounds on
west bank is offering an interest rate of 12% compounded quarterly on their cds. north bank wants to match an investor's return, but compounds on a monthly basis. what apr should north bank pay on its cd to match best bank?
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International Finance Transactions Policy And Regulation
Authors: Hal Scott, Anna Gelpern
23rd Edition
1647084105, 978-1647084103
