Question
You have a savings account in which you leave the funds for one year without adding to or withdrawing from the account. Which would you
You have a savings account in which you leave the funds for one year without adding to or withdrawing from the account. Which would you ratherhave: a daily compounded rate of 0.035%, a weekly compounded rate of 0.285%, a monthly compounded rate of 1.45%, a quarterly compounded rater of 3.50%, a semiannually compounded rate of 8%, or an annually compounded rate of 18%?
I need the answer to What is the EAR of a weekly compounded rate of 0.285%?
a monthly compounded rate of 1.45%
a quarterly compounded rater of 3.50%
a semiannually compounded rate of 8%,
an annually compounded rate of 18%?
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Quantitative Analysis for Management
Authors: Barry Render, Ralph M. Stair, Michael E. Hanna, Trevor S. Ha
12th edition
133507335, 978-0133507331
