You have 1000 you want to save If four different banks offer-14008
You have $1000 you want to save. If four different banks offer four different compounding methods for interest, which method should you choose to maximize your $1000?
This multiple choice question (MCQ) is related to the book/course
vu mgt201 Financial Management.
It can also be found in
vu mgt201 Final Term - Quiz No.20.
You have $1000 you want to save. If four different banks offer four different compounding methods for interest, which method should you choose to maximize your $1000?
compounded daily
compounded quarterly
compounded semi-annually
compounded annually
