Which of the plans of saving you suits plus?
Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)
7th Edition
ISBN:9780357033609
Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Chapter7: Using Consumer Loans
Section: Chapter Questions
Problem 4FPE: Calculating single-payment loan amount due at maturity. Stanley Price plans to borrow 8,000 for five...
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You East studying different plans of saving for three years: |
a. To deposit ¢500 000.00 each six months a a rate of interest of 24 % annual, payable semi-annually. |
b. To deposit ¢250 000.00 quarterly basis a a rate of twenty % annual, convertible each three months. |
Which of the plans of saving you suits plus? |
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