Question
You need a loan and have offers from four different banks. They are all offering the same annual percentage rate (APR), 12%, but the difference
You need a loan and have offers from four different banks. They are all offering the same annual percentage rate (APR), 12%, but the difference is that they are offering you different compounding periods? Which of the following is the best for you?
a) Twelve periods per year
b) Six periods per year
c) Two periods per year
d) One period per year
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Applied Financial Macroeconomics And Investment Strategy
Authors: Robert T McGee
1st Edition
1137428394, 978-1137428394
