Compunding of interest-annually-semi annually

Reference no: EM1354935

Suppose you were considering depositing your savings in one of three banks, all of which pay 5 percent interest; bank A compounds annually, bank B compounds semiannually, and bank C compounds daily. Which bank would you choose? Why?

Reference no: EM1354935

Questions Cloud

Factors that influence sample size : A number of factors influence the sample size for a substantive test of details of an account balance. All other factors being equal, which of the following would lead to a larger sample size?

Training methods and organizational development : Training methods and organizational development - How does HR assist management within your company to meet their training and organizational development needs?

Calculate electrons speed when it reaches spheres surface : A gas has a volume of 3m3 when it is at the temperature of 23K. It's temperature now hoes up to 46K. WHat is it's new volume.

Organizations to form inter-organizational linkages : What are the advantages of strategic alliances as a way of exchanging resources?

Compunding of interest-annually-semi annually : Suppose you were considering depositing your savings in one of three banks, all of which pay 5 percent interest; bank A compounds annually, bank B compounds semiannually, and bank C compounds daily. Which bank would you choose? Why?

Explain what brand elements would be most useful : Explain what brand elements would be most useful for differentiating your company's brand from competing brands.

Wealth management question : If market interest rates are currently 15 percent and your investment provides you this 15 percent return, does that imply that you are 15% more wealthy.

Faulty terminations and excessive horizontal wiring spans : What do you consider the single most important reason to pay attention to faulty terminations and excessive horizontal wiring spans?

Primary reasons for audit failures-scandals : What are the primary reasons for audit failures and the potential scandals that occur when problems are brought to light?

User Account

All Pages