Question
You received a refund check. You will deposit it into an account for 5 years. You are looking at 2 accounts. Account A pays compound
You received a refund check. You will deposit it into an account for 5 years. You are looking at 2 accounts. Account A pays compound interest. Account B pays simple interest. If both accounts pay the same annual rate, which account should you choose?
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International Financial Management
Authors: Jeff Madura
2nd Edition
0314430296, 978-0314430298
