Contemporary Financial Management, Loose-leaf Version
Contemporary Financial Management, Loose-leaf Version
14th Edition
ISBN: 9781337090636
Author: R. Charles Moyer, James R. McGuigan, Ramesh P. Rao
Publisher: South-Western College Pub
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Chapter 12, Problem 6P
Summary Introduction

To determine: Whether person H make the investment or not.

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What monthly compounded interest rate would Second National Bank need to pay on savings deposits to provide an effective rate of 6.2%?
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Do not answer with assuming any value.
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