Please send me the question in 20 minutes it's very urgent plz b) Bank A gives an interest of 8.31% compounded semi-annually, while Bank B offers8.2% compounded monthly. Help Sandra to choose which bank should she makean investment.

More is compounding of interest than more is effective interest and it is good for investment…

Answered: b) Bank A gives an interest of 8.31%…

b) Bank A gives an interest of 8.31% compounded semi-annually, while Bank B 8.2% compounded monthly. Help Sandra to choose which bank should she m an investment.

EBK CFIN

6th Edition

ISBN:9781337671743

Author:BESLEY

Publisher:BESLEY

Chapter4: Time Value Of Money

Section: Chapter Questions

Problem 22PROB

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Please send me the question in 20 minutes it's very urgent plz

b) Bank A gives an interest of 8.31% compounded semi-annually, while Bank B offers
8.2% compounded monthly. Help Sandra to choose which bank should she make
an investment.

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