David the most interest, Econometrics

David has  £5000  that  he wishes  to  save  for  six  years. Bank A  offers  him  an interest  rate  of  4%  per  annum  compounded  monthly.  Bank  B  offers  him  an interest rate of 3.95% per annum compounded continuously.
 
(a)  Determine how much David would have in each bank after six years.

(b)  Which Bank would give David the most interest? How much more interest?

Posted Date: 3/25/2013 5:19:24 AM | Location : United States







Related Discussions:- David the most interest, Assignment Help, Ask Question on David the most interest, Get Answer, Expert's Help, David the most interest Discussions

Write discussion on David the most interest
Your posts are moderated
Related Questions



what are the causes,consequences and remedy of measurement error?

cost benefit decision invest in college undergraduate 5 years

if there is no autocorrelation what will be done

hypothetical data on consumption expenditure ($) and income ($) is given in the table x Y 80 55 100 65 85 70 110 80 120 79 115 84

do you write assignment or just help write assignments

The inverse demand and supply functions for a product are given as:  where P  is  price, Q  is  quantity  and  the  subscripts  d  and  show demand and supply, respectiv

why do we make use of regression analysis in our econometrics analysis