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Calculations of Value of Cost of Loan from Bank

ByHomework Help Classof1

"Which do you prefer: a bank account that pays 5% per year (EAR) for three years or a) An account that pays 2.5% every six months for three years? b) An account that pays 7.5% every 18 months for three years? c) An account that pays 0.5 % per month for three years? "

Details

Publication Date
Jul 4, 2013
Language
English
Category
Education & Language
Copyright
All Rights Reserved - Standard Copyright License
Contributors
By (author): Homework Help Classof1

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Format
PDF

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