Question
You have $1,000 to invest for 8 years. Banks offer you the following rates: 6% annual compounded APR, 5.8% semi-annual compounded APR, 5.5% continuously compounded
You have $1,000 to invest for 8 years. Banks offer you the following rates: 6% annual compounded APR, 5.8% semi-annual compounded APR, 5.5% continuously compounded APR. Where do you want to invest and how much will you have?
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Foundations Of Financial Management
Authors: Stanley B Block, Geoffrey A Hirt
12th Edition
0073295817, 9780073295817
