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Why is compounding an important consideration when calculating PV and FV problems? If you were given the choice between two bank savings accounts that pay
- Why is compounding an important consideration when calculating PV and FV problems? If you were given the choice between two bank savings accounts that pay the same interest rate, however, one compounds monthly, and the other semi-annually: which would you choose and why?
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Global Banking
Authors: Roy C Smith, Ingo Walter, Gayle DeLong
3rd Edition
0195335937, 9780195335934
