This topic contains a solution. Click here to go to the answer

Author Question: In order to open up your new business you need to take out a loan. First Bank charges 6% compounded ... (Read 93 times)

Zulu123

  • Hero Member
  • *****
  • Posts: 525

Question 1

If you could borrow at 9.5% compounded semi-annually or at 9.4% compounded monthly, which would you prefer?
◦ 9.5% compounded semi-annually
◦ Indifferent
◦ 9.4% compounded monthly

Question 2

In order to open up your new business you need to take out a loan. First Bank charges 6% compounded quarterly, and Second Bank charges 6.5% compounded semi-annually. From which bank would you prefer to obtain your loan?
◦ First Bank
◦ Second Bank
◦ Indifferent


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Zulu123 on Apr 25, 2021

guyanai

  • Sr. Member
  • ****
  • Posts: 349
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 56% of students answer this correctly




Zulu123

  • Member
  • Posts: 525
Reply 2 on: Apr 25, 2021
YES! Correct, THANKS for helping me on my review


debra928

  • Member
  • Posts: 342
Reply 3 on: Yesterday
Excellent

 

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

Did you know?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

For a complete list of videos, visit our video library