Investing a sum of money in alternative schemes

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Question: You have the choice of investing a sum of money in four alternative schemes:

(a) one which will pay 10 per cent per annum interest compounded daily;

(b) one which will pay 10.25 per cent per annum interest compounded monthly;

(c) one which will pay 10.5 per cent per annum interest compounded quarterly;

(d) one which will pay 10.75 per cent per annum interest compounded annually.

Which would you choose and why?

Reference no: EM131754591

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