Answered: Which of the plans of saving you suits…

Business

Accounting

Which of the plans of saving you suits plus?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

100%

You East studying different plans of saving for three years:

a. To deposit ¢500 000.00 each six months a a rate of interest of 24 % annual, payable semi-annually.

b. To deposit ¢250 000.00 quarterly basis a a rate of twenty % annual, convertible each three months.

Which of the plans of saving you suits plus?

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