Question
you have a savings account in which you leave the funds for one without adding to or withdrawing from the account. which would you rather
you have a savings account in which you leave the funds for one without adding to or withdrawing from the account. which would you rather have: a daily compounded rate of 0.050%, a weekly compounded rate of 0.265%, a monthly compounded rate of 1.15%, a quarterly compounded rater of 4.00%, a semiannually compounded rate of 7%, or annually compounded rate of 18%?
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
15th edition
1337671002, 978-1337395250
