b) Bank A gives an interest of 8.31% compounded semi-annually, while Bank B 8.2% compounded monthly. Help Sandra to choose which bank should she m an investment.

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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b) Bank A gives an interest of 8.31% compounded semi-annually, while Bank B offers
8.2% compounded monthly. Help Sandra to choose which bank should she make
an investment.
Transcribed Image Text:b) Bank A gives an interest of 8.31% compounded semi-annually, while Bank B offers 8.2% compounded monthly. Help Sandra to choose which bank should she make an investment.
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