Question
Which of the following options will generate the highest interest over the term, assuming the same $100 principal? 5% quarterly compounding for 3 years 5%
Which of the following options will generate the highest interest over the term, assuming the same $100 principal?
5% quarterly compounding for 3 years
5% monthly compounding for 2 years
5%daily compounding for 2years
5% simple interest rate for 3years
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Financial Markets And Institutions
Authors: Anthony Saunders, Marcia Cornett
8th Edition
1264098723, 978-1264098729
