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
I am trying to apply weighted least squares but Im not getting a very good fit when I regress the residuals on the variables so I don''t think the weights will be very good

Show which of the following are cross-section data, giving the reasons. (i)    Wages of individual workers in the UK chemical industry in 2009. (ii)    Annual growth rates of eve

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

Popularity vs. True Quality What determines the popularity of YouTube videos? Are the most viewed videos really the ones people like the most? What drives people choose certain

What is the expected value and variance of y = 3x+2 knowing that E(X) = 8 and var(X) = 4.

Hi I am currently working on my econometrics coursework which is to replicate a published paper. I was given the same data set as the paper and suppose to get the same answer as th

what is econometrics

Help with how to calculate a value from the dickey fuller test

Females, it is said, make 70 cents to the dollar in the United States. To investigate this phenomenon, you collect data on weekly earnings from 1,744 individuals, 850 females and

Suppose that the aggregate demand curve in a particular year is given by the algebraic           expression:  Y = 3000 + 1000/P, where Y is the aggregate output and P is t