Question
You are planning to put money in a bank. There are 3 banks in your area. Bank (A) offers an annual interest rate of 10%
You are planning to put money in a bank. There are 3 banks in your area. Bank (A) offers an annual interest rate of 10% compounded daily. Bank (B) offers an annual interest rate of 10.5% compounded monthly. Bank (C) offers an annual interest rate of 10.5% compounded quarterly. Which bank offers you the highest interest?
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The Evolution Of Nordic Finance
Authors: Steffen Elkiær Andersen
2011th Edition
0230241557, 978-0230241558
