Given two interest rates A . 9% compounded monthly given by Bank Kahoot B . 9.5% compounded every four months Bank Quizzi Determine which of the two Banks provides a better returns
Given two interest rates A . 9% compounded monthly given by Bank Kahoot B . 9.5% compounded every four months Bank Quizzi Determine which of the two Banks provides a better returns
Database System Concepts
7th Edition
ISBN:9780078022159
Author:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Publisher:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Chapter1: Introduction
Section: Chapter Questions
Problem 1PE
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Question
Given two interest rates
A . 9% compounded monthly given by Bank Kahoot
B . 9.5% compounded every four months Bank Quizzi
Determine which of the two Banks provides a better returns
2:
Khadijah has to pay a loan RM6000 at the end of 2nd year and another RM7000 at the end of 6th year.If she plans to settle by making one payment at the end of 5th year find the amount at the present focal date.
(Assuming money is compounded 6% semi-annually).
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