You plan to use the 150,000 TL fund, which was idle for a year, in a time deposit account. The annual interest rate offers you receive from traditional and digital banks are as follows. Accordingly, calculate which option will give you the highest rate of return

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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You plan to use the 150,000 TL fund, which was idle for a year, in a time deposit account. The annual interest rate offers you receive from traditional and digital banks are as follows. Accordingly, calculate which option will give you the highest rate of return.

Maturity
Traditional Bank
Digital Bank
1 moon
16,00
17,00
3 moon
17,00
16,75
6 moon
17,25
16,25
Transcribed Image Text:Maturity Traditional Bank Digital Bank 1 moon 16,00 17,00 3 moon 17,00 16,75 6 moon 17,25 16,25
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