Question
Your current bank is paying a 6.25% annual simple interest rate with monthly compounding. You can move your money to Harris Bank that pays 6.25%
Your current bank is paying a 6.25% annual simple interest rate with monthly compounding. You can move your money to Harris Bank that pays 6.25% annual compound interest rate, or to First Chicago Bank, which pays 6.8% compounded semiannually. To maximize your return, which bank should you choose?
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Old Money New Woman How To Manage Your Money And Your Life
Authors: Byron Tully
1st Edition
1950118010, 978-1950118014
