Which bank do you select to deposit your money

Assignment Help Finance Basics
Reference no: EM131941464

Question: A bank is offering to pay compound interest of 5% per year on new CD accounts. An e-bank is offering 5.5% per simple interest on a 5-year Savings account. Which bank do you select to deposit your money? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM131941464

Questions Cloud

Individuals and communities are healthy : Making a healthy living as a default has been proposed as the best approach to ensure individuals and communities are healthy. Discuss
Effective annual interest rate on the lending arrangement : What is your effective annual interest rate on the lending arrangement if you borrow $47 million immediately and repay it in one year?
Identify two techniques or methods to collect data : Identify at least two techniques, sources of data, or methods to collect data for each level.
Now plans to enter consumer electronic : Need help on below assignment. Can you help. "Micromax Corporation a company assembling and Marketing Mobile phone, after successful
Which bank do you select to deposit your money : A bank is offering to pay compound interest of 5% per year on new CD accounts. An e-bank is offering 5.5% per simple interest on a 5-year Savings account.
What are present values of the costs of acquiring one atm : What are the present values of the costs of acquiring one ATM and of employing one teller? a- b- What are the equivalent annual costs of acquiring one ATM.
Describe the methods you would use to recruit someone : Describe the methods you would use to recruit someone for this position. Think 'outside the box' and provide at least 4 suggestions
Which moral principle should we apply in the given case : Given what you read in this and the previous module, which moral principle should we apply in this case? Using real-world examples, and defend your answer.
Values and strategic goals in strategic plan : How to describe mission, vision, values and strategic goals in strategic plan.

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd