So Tasha would like to deposit $1000 into a retirement savings account, CIBC pays 7% interest, but TD pays 6% interest. Tasha plans to leave the money for 20 years. Which bank is better and also will doubling the interest rate on a investment halve the time it takes to earn the same amount of interest with an example please
So Tasha would like to deposit $1000 into a retirement savings account, CIBC pays 7% interest, but TD pays 6% interest. Tasha plans to leave the money for 20 years. Which bank is better and also will doubling the interest rate on a investment halve the time it takes to earn the same amount of interest with an example please
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
Section: Chapter Questions
Problem 1PS
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So Tasha would like to deposit $1000 into a retirement savings account, CIBC pays 7% interest, but TD pays 6% interest. Tasha plans to leave the money for 20 years. Which bank is better and also will doubling the interest rate on a investment halve the time it takes to earn the same amount of interest with an example please
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